Old vs new tax regime: Key differences that you must know before ITR filing for tax year 2026-27

The new tax regime offers lower rates but removes many deductions, making a thorough comparison with the old regime crucial. While both regimes allow certain allowances and perquisites, understanding these benefits, like meal vouchers and motor car perquisites, is key to minimizing your tax burden for FY 2026-27.

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