Example of calculating tax under old, new and revised new Tax regime Some Important Points about Old and New Tax Slabs You have to choose old or new tax slab while filing Income Tax return form but plan accordingly beforehand(if you want to save). From Apr 1 2023, Default is New Tax ...
The Union Budget 2023 revised the new tax regime to be the default regime, effective from April 1, 2023. The old tax regime is, however, still available for taxpayers to use and it retains the benefit of exemptions and deductions. Under the new regime, the income tax slabs are the same...
Income Tax Slab Under the Old Tax Regime To minimise your taxable income, you could claim tax exemptions on HRA and LTA, as well as deductions under other sections, such as Section 80C, 80D, and 80TTA under the old tax regime.
CA Karan Batra, Founder and CEO CharteredClub.com, said, “Such a heavy site is being made live in the peak season with so many bugs and errors is not something which the taxpayers will appreciate.”May to October is the peak season, when there is a lot of load on the income tax we...
In 2023, the GST councilannounceda 28% GST levy that would apply to the total game value for online gaming, horse racing, and casinos. This, in effect,equatedskill-based online games (non-gambling games) with online games of chance (gambling games) under India’s tax regime and was met...