Old vs. New Income Tax Regime in India: A Comparative Study of Taxpayer Preferences and Revenue Implications

TITLE	Old vs. New Income Tax Regime in India: A Comparative Study of Taxpayer Preferences and Revenue Implications
ABSTRACT	India's income tax landscape is undergoing a transformative shift with the introduction of the Income Tax Act, 2025, aimed at making taxation simpler, clearer, and more in tune with today's digital economy. This groundbreaking legislation replaces the archaic Act of 1961 and is designed not to increase tax rates but to overhaul the entire experience of compliance reducing disputes, streamlining procedures, and fostering a trust-based system. The new Act introduces revised tax slabs, such as a zero-tax threshold up to Rs. 12 lakh for certain taxpayers, and simplifies tax structures with fewer sections and a more intuitive layout. Overall, the reforms seek to make the tax process more predictable, transparent, and accessible for individuals, small businesses, and professionals, ultimately contributing toward a more vibrant and compliant economy.
AUTHOR	Prajwal S Kamble, Muniswami Reddy S Post Graduate Diploma in Management, Dayananda Sagar Business School, Bengaluru, Karnataka, India
PUBLICATION DATE	2025-11-13
VOLUME	12
DOI	DOI:10.15680/IJARETY.2025.1206006
PDF	6_Old vs. New Income Tax Regime in India A Comparative Study of Taxpayer Preferences and Revenue Implications.pdf
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