As the deadline for filing income tax returns approaches, taxpayers must carefully choose between the old and new tax regimes. While the government is actively promoting the new tax regime, the old regime continues to offer several deductions and exemptions that can help taxpayers save on taxes. Currently, India follows a dual tax system, comprising the old and new tax regimes. In the latest budget, the government made significant changes to the new regime by making income up to Rs. 12.75 lakh tax-free. However, no modifications were made to the old tax regime. Under this regime, income up to Rs. 4 lakh is tax-free, and taxpayers can benefit from multiple exemptions and deductions to further reduce their tax liability. In contrast, the new tax regime does not provide any such benefits. If you are opting for the old tax regime, here are some key tax-saving investment options to consider. 1. National Pension System (NPS) NPS is considered one of the best retirement investment options....