India is one of the major contributors to the global economy. The government policy of trade liberalisation, tax ratification or open approach towards foreign investments shows consistency support and improvement in the business sector.
Taxpayers get the options to choose either the old tax regime or the new tax regime with their own pros and cons. New tax regime comes with a rider to forego various exemptions being provided under the old regime like 80C, 80D, Housing Loan, Standard Dedu
