90% Taxpayers May Shift to New Regime, Says CBDT Chief
02 Feb 2025
The recent Union Budget 2024 has introduced significant tax cuts, encouraging more taxpayers to shift to the new tax regime (NTR). CBDT Chairman Ravi Agrawal believes that over 90% of taxpayers will opt for NTR, up from the current 75%. Under the new rules, individuals earning up to ₹12 lakh...
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