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No Income Tax Surprises From April 1: Govt Clarifies Doubts On Tax Regimes, Check Details Inside

The new tax regime is the default tax regime, however, taxpayers can choose the tax regime (old or new) that they think is beneficial to them. ....

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Budget 2024: Income Tax Slabs, New vs Old Regime Compared For You

What factors make the decision-making process challenging when it comes to choosing between the new and old tax regimes, particularly considering the variations in tax slabs? ....

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Income Tax 2024: Old Tax Regime slabs vs New Tax Regime slabs explained for senior citizens

Under the new tax regime, senior citizens can claim a maximum deduction of Rs 50,000 under section 80D for health insurance premiums. If the expenses are incurred for a dependent senior citizen, the entitlement is Rs 1 lakh in a fiscal. ....

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Tax saving guide: The optimal tax saving instruments under old tax regime

In the Union Budget 2023, Finance Minister Nirmala Sitharaman announced significant adjustments to the new income tax regime, including reduced tax rates and a tax rebate on annual income up to ₹7 lakh. ....

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Budget 2023: Here's How Common Man Can Save Income Tax on Salary In New Tax Regime

Income Tax Saving Latest Update: For salaried employees, the standard deduction of Rs 50,000 is allowed, meaning, they will not pay any tax for Rs 7.5 lakh salary. aaa ....

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