New Tax Regime
New Personal Income Taxation Policy in India
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The New Tax Regime is a scheme of Income tax in India first proposed in Union Budget 2020–21. Subsequent Budget of FY2021-22 did not see any major announcements in this regime. During the Budget 2022–23, reports emerged that New Tax Regime was getting poor response and Government is considering to make it more attractive among the taxpayers.
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Income Tax Return Update: Here's how you can switch from Old Tax Regime to New Tax Regime while filing ITRNotably, the New Tax Regime stands automatically applicable to taxpayers unless one chooses to opt out of it.DNA - Published |
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