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Income tax disclosures in new fiscal year
The New Indian Express Sambalpur
|March 17, 2025
Since certain benefits are not applicable under the new tax regime, compliance is simpler compared to the old regime
COME April 1, 2025, changes in the income tax slabs will come into effect under the new tax regime. While it is up to individual taxpayers to choose between the old and new tax regimes, the government has introduced various incentives, including nil tax liability for those who are earning up to ₹12 lakh, in order to encourage the adoption of the new tax regime.
Disclosures under new, old regimes
This story is from the March 17, 2025 edition of The New Indian Express Sambalpur.
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