This is a
complete note on New vs Old Income Tax Regime explained from Governments perspective.
It took long time to prepare, as all news channels and papers have covered it from individual tax saving point of view and it was difficult to get the perspective we need in exam.
The notes cover following:1. Why government introduced new system
2. Benefits of new system
3. Do new system discourage savings.
4. New vs Old tax regime
5. What exemption are available in new regime.
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