Income tax is a key part of personal financial planning in India. With the introduction of the new tax regime alongside the old regime, taxpayers now have the flexibility to choose the option that best suits their income structure and financial goals. However, this choice can also be confusing. This article explains India’s income tax slabs, the differences between the two regimes, and how to decide which one is right for you. What Are Income Tax Slabs? Income tax slabs are ranges of income that are taxed at different rates.…
Read More