New tax regime offers a clear and straightforward calculation of tax liability

New Delhi [India], August 3 (ANI): India's tax landscape has undergone a transformation with the introduction of the new income tax regime, a key highlight of the Union Budget 2024-25.

An increasing number of taxpayers have opted for the New Tax Regime this year. Out of the total ITRs of 7.28 crore filed for Assessment Year (AY) 2024-25, 5.27 crore have been filed in the New Tax Regime compared to 2.01 crore ITRs filed in