Who will be harmed by the end of the old tax regime? – budget 2025 if nirmala sitharaman scraps old tax regime of income tax who will suffer most January 14, 2025 by Manish markets In the old regime, deduction can be claimed by investing in investment options under Section 80C of the Income Tax Act. About a dozen investment options come under 80C. These include PPF, ELSS, Life Insurance Policy etc.