As per section 89(1), the tax deduction/relief has been furnished through recomputing the tax for the year to which the arrears are obtained and the year to which the arrears are concerned and these taxes get managed for the year in which they get due before. Moreover, if the assessee...
You should evaluate the benefits of the old tax regime and new tax regime before choosing the one that works better for you. Comparison of Taxes: Old Regime vs. New Regime FY 2022-23 Annual Income Slab Old Regime New Regime Resident Individuals & HUF < 60 years of age & NRIs...