
Why the new tax regime is the future: Deloitte
The new tax regime will be the default one while citizens will have the option to be in the old tax regime that operates on exemptions.
The new tax regime will be the default one while citizens will have the option to be in the old tax regime that operates on exemptions.
Ahead of the Budget, experts are of the view that the exemptions and tax slabs in the personal income tax regime need a relook.
In a post-budget interaction with CII, Bajaj also listed GST and personal income tax as areas on which work is in progress.
Advance tax collection in April-December FY22 is up 49.76% over the corresponding period in FY 2018-19 when the advance tax collection was ₹3,07,096.3 crore.