Best Tax Regime for ₹12 Lakh Salary – Old vs. New Compared Knowing the tax regime options one has is essential if one has a salary of ₹12 lakh. The latest reforms in Indian taxation laws have given this choice greater importance. In this blog, we shall understand the distinctions between the previous and current tax regimes and enable you to make the right decision.   Overview of Tax Regimes India provides two main tax regimes: the old and the new. Both have their own rules, exemptions, and deductions. Knowing them can make a huge difference to your take-home pay.…