Pending professional review. This content was drafted with Claude from official sources and has not yet been reviewed by an ArthaKara professional. Verify against the official sources before relying on it.
Simple meaningThe original tax regime that allows deductions like 80C, 80D and HRA.
Relevant ActIncome-tax Act, 1961
Section / ruleSection 115BAC(6)
Technical meaning
The regime of normal slab rates with exemptions and deductions, available to individuals and HUFs who opt out of the default regime.
Practical example
A taxpayer with large HRA and 80C claims may pay less under the old regime.
Related terms
Official reference
Income-tax Act, 1961, Section 115BAC(6)
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