Understanding the New vs Old Tax Regime: A Comprehensive Guide

With the introduction of the new Budget 2023 this year, many of us are still confused about the new tax slab, isn’t it? The government, in its 2023 Budget, has implemented several tax incentives to promote the adoption of the new tax regime. Despite the new regime becoming the default option, the old tax regime still persists. However, to choose the right one for filling your ITR returns, it is a must to clear the basics of what actually seems better: new vs old tax regime.

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