https://www.123articleonline.com/rss/author/406829/sanjeev-goyalArticles written by Sanjeev Goyal from 123ArticleOnline.comen-usCopyright (c) 123ArticleOnline.com All rights reserved. https://www.123articleonline.com/articles/1421102/ways-to-save-income-tax-on-new-and-old-tax-regime-for-fy-2023-24 In the financial year 2023-24, the taxpayers in India have a choice to select either the old regime of the income tax with provisions of performance of deductions & exemptions or the new regime of income tax with less number of rates but with no exemptions. However, whether you go for the first, second, or any other option, it is always advisable to look for other greener pastures within the legal ambit for claiming a higher tax credit. Below is a detailed view of how you can effectively minimize max under both regimes so that additional taxes are paid only where necessary.