Dear Sir/Madam,

It is suggested that necessary information is also available on the website of income tax. The better would be to go through new regime.

Now the deductions will be as per option. Any slab from both slabs can be adopted. The assessee with investment can opt for the slab suiting him and others can opt the other. The old structure can ve followed if suitable for the assessee in filing of the returns

This year’s Budget has given taxpayers the option to shift to a new tax regime with lower tax rates, but without the usual tax exemptions and deductions.

2) Each individual will have to evaluate which regime is favourable to him depending on the deductions and exemptions he plans to claim. Anyone claiming more than Rs 2.5 lakh deduction in a year (including the Rs 50,000 standard deduction) will not gain from the new structure.

3) 

You have to contact a CA for this purpose. For detailed discussions you have to meet lawyers either in person or through call.

You need to discuss the subject matter at length with an experienced chartered accountant. 

He will explain and guide you properly and advice you the procedures to be followed for either of your choice. 

You should ideally consult a CA on this. Be that as it may, you may opt for phone consulting with a tax specialist lawyer on this portal.

Your details are required for exact suggestion

so you need to approach a tax consultant or a chartered accountant

Let the ITR deadline for FY 2019-20 get over first which is extended to Nov 30. 

It will be  better, you contact a practicing Chartered Accountant for having first hand information and clarity or contact an Advocate from this web site who is an Income Tax Consultant also. 

You can contact a lawyer through phone consultation to get complete details about filing of ITR as per your source of income. 

thegalacticadvisors.com/post/budget2020

the above link gives insights into the latest updates to tax laws .