The‍‌‍‍‌‍‌‍‍‌ choice between the old and the new tax regimes has become a matter of great importance as the number of Indian retirees investing in hybrid and balanced-advantage funds for steady income increases. According to experts, the old regime is more favourable now for post-retirement income from funds that are not purely debt or equity.

A full rebate under section 87A is available to a taxpayer under the new regime if the total income (excluding long-term and short-term capital gains) is less than Rs 12 lakh. However, states that capital gains are not entitled to this rebate even if those are from equity-oriented or non-equity schemes, according to Money Control.

On the other hand, under the old regime, a person can avail the full 87A rebate if their total income (including capita

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