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In order to provide significant relief to the individual taxpayers and to simplify the Income-Tax law, the Union Budget proposes to bring a new and simplified personal income tax regime wherein income tax rates will be significantly reduced for the individual taxpayers who forgo certain deductions and exemptions The following new reduced tax rates and slabs has been announced but has been made optional:
To help you out, we are sharing this tax regime comparer for free for signing up below. You can input the numbers yourself and decide which regime is better for you.
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