• SENSEX
    NIFTY 50
Personal Finance

Old vs New income tax regime: Which one should you opt for

Updated : April 22, 2020 06:49 PM IST

The Central Board of Direct Taxes (CBDT) issued a circular on April 13, directing all employers to obtain a declaration from employees if they wish to opt for the new tax regime.
Under the new tax regime, there are 7 income slabs.
The Union Budget earlier this year had offered an individual the choice of paying tax under the new tax structure with lower rates but foregoing deductions or continue paying tax under the existing tax laws and claiming the applicable exemptions.
Old vs New income tax regime: Which one should you opt for

You May Also Like

Live TV
Advertisement