Old tax regime is not going to end soon; CBDT chairman rules out sunset clause for old regime

The old tax regime will not be phased out soon, according to CBDT Chairman Ravi Agrawal, despite 88% of individual taxpayers opting for the new regime. While the new system offers simplicity and lower rates, the old regime remains relevant for a select group with significant deductions like housing loans and investments.

from Tax-Wealth-Economic Times https://ift.tt/rOPF4Tl