A taxpayer opting for the new tax regime will have to forgo all the commonly available tax-breaks such as those available under sections 80C, 80D etc except for section 80CCD (2), i.e., employer’s contribution to NPS. Can I choose between new and old tax regime every year? Yes, you...
Calculate your 2022-23 income tax in India with our free online tax calculator. Determine tax slab and tax payable on new vs old tax regime.