Recent changes in personal taxes, particularly in the Union Budget for 2025-26, have sparked a debate among taxpayers about which regime is better. With salaried taxpayers benefitting from an additional Rs 75,000 standard deduction, effectively raising the tax-free threshold to Rs 12,75,000, the new regime has gained significant traction, especially for those without house rent allowance (HRA) claims. Our Partner (Head – Taxation) S R Patnaik shares his views on this in an article published by Business Standard. (Photo Credit: Business Standard)
