New and Old Tax Regimes in India: A Comparative Analysis
Since 2023, when the Central Government made the new tax regime the default tax system, questions have arisen regarding which tax system is preferable and how to make the ideal choice
The new tax regime, which will be the default form of taxation, will have lower tax rates but do away with certain exemptions and deductions, in contrast to the old regime. In this article, you will explore the dissection of the new and old tax regimes, offering clarity on tax slabs and income tax rates….
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