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Income TaxA salary-only taxpayer picks the old regime with one click inside the ITR. If you have business or professional income, that click alone doesn't count: Form 10-IEA has to be filed first, and filed on time.
Income Tax"No deductions under the new regime" isn't quite true. A short list survives, and knowing exactly what's on it is worth real money if your employer or your own filing checklist is missing one.
Income TaxPicking a tax regime isn't about which one sounds better, it's arithmetic. Here's the real break-even point by income level, so you choose correctly for tax year 2026-27.