New Tax Regime vs Old Tax Regime in Malayalam ഏത് തിരഞ്ഞെടുക്കണം?| New Income Tax Slab 2023-24

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. New Tax Regime vs Old Tax Regime in Malayalam ഏത് തിരഞ്ഞെടുക്കണം?| New Income Tax Slab 2023-24


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About the video: For financial year 2023-24, the government has revised the income tax slabs under the new tax regime to make it more attractive. Further, many other benefits have also been brought under the new tax regime - such as introduction of standard deduction, nil tax on taxable income up to Rs 7 lakh, reduction of surcharge on taxable incomes above Rs 5 crore and so on.

The changes under the Income Tax Act, 1961, make it important for salaried individuals to do their tax planning in this month itself. This is because the tax regime opted by an individual will decide how much tax is deducted from their salary income. Not doing proper tax planning will lead to higher TDS from salary income and reduce the take-home pay.

So let's understand both old tax regime and new tax regime through this video and informed enough to select between both.



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