The tax regime choice becomes more nuanced at a ₹20 lakh annual salary, where the Section 87A rebate is no longer available. A comparison shows whether common deductions under the old regime can outweigh the new regime's lower tax rates.
New vs old regime: Earning ₹20 LPA? Here's which regime saves you over ₹1 lakh
livemint.com - 1 Jul 2026 18:37
The tax regime choice becomes more nuanced at a ₹20 lakh annual salary, where the Section 87A rebate is no longer available. A comparison shows whether common deductions under the old regime can outweigh the new regime's lower tax rates.
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