Exemptions, Allowances, and Deductions under the Old & New Tax Regime

Exemptions. allowances and deductions under the old & new tax regime

Exemptions, Allowances, and Deductions under the Old & New Tax Regime

Exemptions, allowances and deductions help in the reducing the tax liability of the taxpayers. However, all the exemptions, allowances and deductions are not available under both the tax regimes. While the new tax regime has lower income tax slab rates, it does not have the option to claim all the exemptions, allowances as well as deductions. On the other hand, the old tax regime has higher income tax slab rates but it has more options of saving taxes, as it allows to claim all the exemptions, allowances and deductions. 

#incometaxreturnfilingserviceindelhi.

#taxauditfirmindelhi.

#cafirmindelhi

#bestcafirmindelhi

#gstreturnserviceindelhi.

#gstregistrationserviceindelhi.

https://camalikgirishanand.co.in

Leave a Comment

Your email address will not be published. Required fields are marked *

*
*