Wednesday, April 17, 2024

New vs old tax regime - which is beneficial for you? Amount of deductions you can claim decides

New vs old tax regime: Many taxpayers find it difficult to ascertain which tax regime makes them pay lower tax in a financial year. The simple answer to that is the amount of deductions claimed by you in the old tax regime. However, the amount of deductions that must be claimed by you varies for every different income level.

from Tax-Wealth-Economic Times https://ift.tt/B2H8Qf6

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