Скачать или смотреть Gyanshala Lesson 28 - New Tax Regime | Complete Guide | Tamil

Welcome to Lesson 28 - of the Gyanshala Series!

In this episode, we will learn everything about New Tax Regime. The new tax regime in India was introduced in the Union Budget 2020-21 as an optional alternative to the old tax structure. It offers reduced tax rates across various income slabs but removes most exemptions and deductions, such as 80C (investments) and HRA (house rent allowance).

Key Highlights:
Lower Tax Rates: Reduced rates are applicable for incomes up to ₹15 lakh.
No Deductions/Exemptions: Popular tax-saving options are not available under this regime.
Optional Choice: Taxpayers can choose between the old and new regimes each financial year.
This regime is suited for individuals who do not utilize tax-saving instruments extensively and prefer a simpler tax calculation process. It encourages flexibility but requires careful evaluation to determine the most beneficial option.

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