In Budget 2023, Government of India introduced new tax regime as a default regime for the taxpayer but the old tax regime is continued to exists. It created a lot of confusion among taxpayers regarding the choice between the old and new tax regime Whether taxpayer...
From Financial year 2020-21, taxpayers (Individuals and HUFs) has an option to choose between Old Tax regime and the new Tax Regime. The new tax regime is available with lower tax rates and almost zero deductions/exemptions. Here is the quick comparison table between...
As defined by the Indian Income Tax Act of 1961, NRI taxes pertain to individuals generating income outside of their native country. The income tax laws and benefits available to them vary from those available to permanent Indians. Non-resident Indian (NRI) income...
