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Old Tax Regime vs New Tax Regime: Here s guide on which tax system to choose if your salary is Rs 80,000

The Finance Act 2023 has made the new tax regime as the default tax regime for FY 2023-24 (AY 2024-25). The taxpayers can switch between the old and the new tax regime on a year-on-year basis.

Nirmala sitharamanSuresh suranaUnion budgetNew tax regimeHindu undivided familiesUnion finance minister nirmala sitharamanFinance actHome rent allowanceLeave travel allowanceTax ratesTax liabilityIncome taxNew tax regimeFy2024 25Tax deductionsStandard deduction

Budget 2024 Income Tax: Analysing Old vs new tax regime; Which is good for you?

Budget 2024 Income Tax: Analysing Old vs new tax regime; Which is good for you?
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Union budgetHome rent allowanceLeave travel allowanceTax slabsOld regime