scorecardresearchBudget 2023: What are new and old income tax regimes?

Budget 2023: What are new and old income tax regimes?

Updated: 12 Jan 2023, 06:19 PM IST
TL;DR.

The key distinction between the two tax regimes is that the old one permits taxpayers to claim all deductions and exemptions while the new one does not offer any such benefits and levies a lower tax rate.

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First Published: 12 Jan 2023, 04:54 PM IST