60% taxpayers should move to the new tax regime: CBDT Chairman
When compared with the old tax regime, income tax rates under the new proposed tax regime are undoubtedly higher, says Aarti Raote of Deloitte India.
FM proposes to increase personal I-T rebate limit to ₹7 lakh under new tax regime; to cut total slabs to 5 and increase exemption limit to ₹3 lakh
Deloitte India has recommended an additional ₹50,000 'work from home' allowance for taxpayers in the upcoming budget.
A growing view ahead of the budget is that the exemption limit of ₹1.5 lakh, which has not been changed since 2014, now needs to be revised.