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Old Tax Regime vs New Tax Regime: Here s guide on which tax system to choose if your salary is Rs 80,000

The Finance Act 2023 has made the new tax regime as the default tax regime for FY 2023-24 (AY 2024-25). The taxpayers can switch between the old and the new tax regime on a year-on-year basis.

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No new change coming in : Finance ministry clears confusion over new tax regime in 6-point note

New tax regime is the default tax regime, however, tax payers can choose the tax regime (old or new) that they think is beneficial to them.

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If you re married and a Hindu : Billionaire Nithin Kamath highlights a way to save taxes

Other entrepreneurs and former IAS officers also spoke in favour of the HUF, calling it a game changer when it comes to saving taxes.

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KRA Calls Attention to Employers Denying Disability Tax Reliefs to PWDs

The Kenya Revenue Authority (KRA) has cautioned employers against unlawfully withholding monthly tax reliefs for disability from their workers as mandated by the law.

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KRA calls out employers denying PWDs tax reliefs for disability

Affected workers are losing up to Sh440,400 annually due to the non-compliance of their employers.

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