News & Media 25th Jul 2024
Finance Minister Nirmala Sitharaman made significant adjustments to lower tax rates under the new tax regime in the Union Budget 2024 on Tuesday, signalling an expected transition from the old tax regime. Taxpayers are now encouraged to transition to the new tax regime, as it offers greater incentives. However, individuals benefitting from substantially higher deductions may still find the old tax regime appealing.
To shed some light on this issue, ABP Live’s Priya Raghuvanshi writes on, “Old Tax Regime Vs New Tax Regime: Should You Consider Moving to New One Now?” with expert comments from our Rahul Charkha.