Key Points
Anil Rego, Founder & CEO, Right Horizons, says for lower tax slabs, typically the new tax regime is better..
But for somebody in the higher tax slabs and when you are using all the deductions well, including your home loan interest, that is when you have to opt in..
By default, the new tax regime would be selected for you and if you do not want to be in that tax regime, you will have to go and select the old tax regime option...
Typically, the old tax regime is beneficial for those who take advantages of a number of the deductions and especially if you have a home loan and you are taking advantage of both Section 80C and a good part of the home loan interest, then most probably, you should continue to be with the old tax regime...
The other part of it, like (9:26) said, actually, in some form the nature of the new tax regime does not necessarily encourage long-term investment or the compulsory investment that we used to do because of the tax savings...
