Budget 2024: Govt attempts to make new tax regime more attractive with a slew of sops. Is old regime out of favour?

Budget 2024: Govt attempts to make new tax regime more attractive with a slew of sops. Is old regime out of favour?

The Union Budget 2024 endorses the government’s policy of an apparent tilt to the New Tax Regime over the previous one, as evident from a slew of efforts to make it a more attractive proposition for taxpayers. The government’s push for the New Tax Regime became evident last year when the income threshold limit for … Read more

Income tax slabs FY 2024-25: Experts share these 8 benefits for taxpayers in new income tax regime

Income tax slabs FY 2024-25: Experts share these 8 benefits for taxpayers in new income tax regime

Are you still undecided about which income tax regime (old or new) to choose? The Budget 2023 introduced a significant change: default adoption of the new tax regime. It aims to simplify tax filing and encourage more people to opt for the new regime, which offers lower tax rates but fewer deductions and exemptions. If … Read more