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Taxation. 2023-07-05

Old Tax Regime vs New Tax Regime- Important Points To Checklist Before Deciding

As announced by our honourable Finance Minister Nirmala Sitharaman the new tax regime is the default tax regime.If you still find your liking towards the old tax regime you can avail the benefit but it is important to declare their choice of old tax regime or new tax regime to their employer in the beginning of the new year. This is an important factor to be decided for the financial year as it will affect your take-home income majorly. To help you clear your doubts the following list has been prepared.