old regime

While the new tax regime may offer some benefits, you will have to let go of many tax deductions and exemptions that are available in the old tax regime.Many of the deductions and exemptions available in the old tax regime are not there in…

The new tax regime is the default system to calculate income tax from April 1, 2023. The exemption limit has been raised from Rs 2.5 lakh to Rs 3 lakh under the new regime.The Union Budget 2023-24 brought significant changes to the personal…

Last Updated: February 03, 2023, 17:40 ISTA person's income tax rate is determined by the tax bracket they are in. (Image: Shutterstock)Explained: Under new income tax system, the maximum income tax refund that can be claimed by salaried…