In India, taxpayers can switch between old and new income tax regimes annually, but business income earners have limited options. The new regime is now the default as per Budget 2023, and you have to pick one before the ITR filing deadline.
In India, taxpayers can switch between old and new income tax regimes annually, but business income earners have limited options. The new regime is now the default as per Budget 2023, and you have to pick one before the ITR filing deadline.