In the Union Budget 2020, the government has proposed a new tax regime with lower tax rates but all the major tax exemptions and deductions have been removed. However, the finance minister has given choice to the assessee to either opt new tax or old tax regime.
If you are still wondering which regime you should opt for then this video would definitely help you to decide. In this video, we have addressed the following questions --
1. What is the New Tax Regime?
2. Who can opt for the New Tax Regime?
3. Benefits of staying in Old Regime
4. Benefits of choosing the New regime
5. New Tax Regime and Old Tax Regime - Which tax slab is better?
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