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What is New vs Old Tax Regime Comparison about?

The document presents a comparative study of the New Tax Regime introduced in India in 2020 versus the Old Tax Regime, focusing on changes in tax slabs, rebate limits, surcharges, and deductions. It highlights the simplification of the tax structure aimed at easing taxpayer burden while providing options for individuals to choose between the two regimes. The analysis includes specific modifications made in the New Tax Regime as of Budget 2023, along with detailed comparisons of various tax-related provision

Author

chelsi.s

Language

EN