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ITR Trends: 15% Taxpayers Test Waters With New Tax Regime, 85% Opt Old With Deductions

50% of Clear users claimed 80D for tax deductions on medical insurance, while 20% utilised 80CCD(1B) for tax deductions on NPS self-contributions.

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New Tax Regime gains traction as ITR filers make a notable shift in AY 2023-24: Report

New Tax Regime gains traction as ITR filers make a notable shift in AY 2023-24: Report
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Old income tax regime with higher deductions remains more attractive for taxpayers than the new one

Per a report, a whopping 85 per cent of taxpayers chose to continue with the old regime

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