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New Tax Regime Vs Old Tax Regime: Two people with the same salary might have different quantum of deductions, and hence their choice of tax regime could be different.
In order to address the confusion amongst people on the proposed slab rates of the new tax regime and also how Rs 7 lakhs is going to be tax free, here is the reference point that needs to be understood.
In the event of Rakesh Jhunjhunwala's untimely death, a very pertinent question that arises is with respect to transfer of shares and stocks of decesed.