Who should opt for the new tax regime?:
The union budget presented by the Finance Minister contained a few Income Tax benefits for the the taxpayers who opt for the new tax regime. The new tax regime was introduced in the budget 2020 as an option for the taxpayer who opt to forgo the exemptions and deductions enjoyed in the old scheme. It comes with a lower tax rates to compensate this. However there were no much takers for the new regime. In this budget it was announced that the new tax regime will be the default one with op Read More
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