News From Press Will new tax regime benefit you as an employee? Check what employers feel

Will new tax regime benefit you as an employee? Check what employers feel

In Union Budget 2020, a new Income Tax Regime has been proposed with lower tax rates up to taxable income of Rs 15 lakh compared to the Old Tax Regime.

FE Mar 4, 2020

In the Union Budget 2020, Finance Minister Nirmala Sitharaman has proposed a new Income Tax Regime, in which there will be seven tax slabs with lower tax rates up to taxable income of Rs 15 lakh compared to the Old Tax Regime. However, unlike the old regime, there will be no tax deductions on investments and expenses under the new regime.

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