NPS Deduction: Can You Avail Of This Benefit In New Tax Regime?
The new regime has lower tax rates and fewer slabs; hence, it has limited the previously available exemptions and deductions, such as those under Section 80C in the old regime.
The new regime has lower tax rates and fewer slabs; hence, it has limited the previously available exemptions and deductions, such as those under Section 80C in the old regime.
One has to file an income tax return in case of a tax liability, but in some cases, it is mandatory to file one even when the income is below the basic exemptions limit
Senior and super senior citizens get higher tax relief than ordinary taxpayers; learn more about the tax slabs and benefits.
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