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New tax regime vs old tax regime: What is point at which tax outgo is the same in both regimes? Check salary and deduction levels

IndiaTimes Tuesday, 23 April 2024
New income tax regime vs old tax regime: One must remember that the new income tax regime is now the default tax regime and in case you don’t tell your employer your chosen tax regime, your TDS will be deducted as per the new tax regime. The optimal choice between the new income tax regime and the old income tax regime depends on the amount of deductions that can be claimed.
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