Which Tax Slab to Choose for ITR Filing According to Income: Regime 1 or Regime 2 and How LIC Policy

Becomelic Agentdelhi12 Nov, 2025Business

When it comes to filing income tax in India, the decision between income regime 1 & 2 is crucial for maximizing your savings. Selecting the right slab not only impacts your liability but also determines how effectively you can leverage financial instruments such as LIC policies for benefits. In this blog, we’ll break down the differences between the two regimes, provide examples for income groups ranging from ₹12 lakh to ₹50 lakh per annum, and highlight how Section 80C of insurance benefits in can save you significant amounts.