Know Your Income Tax Regime: 8 tax deductions that you get under new tax regime
The new tax regime is the default setting for new tax payers. However, they are free to select the old tax regime. When selecting between the old and the new tax regime, the general perception is that the old regime helps save more tax compared to the new one if you are in a salary bracket above Rs 10 lakh per annum. A lot of people think the new tax regime is friendly for those without many investments. Some taxpayers in the old tax regime think that if they switch to the new tax regime, they have to forego many of tax benefits that they avail. But, do you know that the new tax regime also offers a number of tax benefits. The selection of the tax regime is entirely up to you. But here, we are giving a list of tax benefits that the new tax regime offers.
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Know Your Income Tax Regime: 8 tax deductions that you get under new tax regime