Income tax filing: Which tax regime is favourable to salaried individuals?
Updated: 14 Jul 2022, 07:49 AM IST
TL;DR.Under the old tax regime, salaried individuals are meant to pay tax at higher rate with option of seeking exemptions. On the other hand, tax rate is lower in the new tax regime
Tax payers have two tax regimes to choose from w.e.f. April 2020