Anil Gulati’s views on the Defence Budget

The speaker is discussing the recent budget and its implications. They mention the difference between the old and new tax regimes, noting that the default is now set to the new regime, but individuals still have the option to opt for the old regime by filling out a small form. The speaker also mentions the standard deduction of 50,000, which is applicable for those opting for the new regime. They also mention the limit for investing in PPF, which is only applicable for the old system. The speaker suggests that for individuals without savings, it might be more beneficial to shift to the new system, as they could potentially receive exemptions of up to 3.24 or 3.74 lakhs, but this would depend on their income.