There is no one rule that will benefit everyone. Both of these kingdoms come with their own advantages and disadvantages. However, we can give you insight into both of these rules:
The new tax system is expected to greatly benefit taxpayers with tax incomes of up to Rs 15 lakh, and, in the case of higher earners over Rs 15 lakh, the old state will be a better option. .
Also, since the new income tax system does not allow for any tax benefits or deductions, it usually benefits low-income investors. As the new government provides seven tax revenue units, anyone who pays taxes without seeking tax deduction can benefit by paying lower tax rates under the new tax system.
That being said, once you have a financial plan in place by investing in tax-saving tools; health and health insurance; to pay for children's tuition; payment of EMIs on education debt; buying a house with a home loan; and so on, the old government to help with the tax evasion and lower tax exemptions.
Therefore, it is advisable to make comparative tests and analyzes under both rules and to choose the most effective ones as they may vary from person to person.