Balwant JainThere is lots of confusion about new Tax Regime. People are not able to decide which one to opt for. Let us discuss the new tax regime. Basics of scheme The new tax regime is available only to Individuals as well as to an HUFwhether you are a resident or a non-resident and is optional. The new tax regime offers you concessional rates upto total taxable income of Rs. 15 lakhs with tax