India Business News: New income tax regime vs old tax regime: One must remember that the new income tax regime is now the default tax regime and in case you don’t tell you
Taxpayers need to make a crucial decision in selecting a tax regime between the old and new tax regimes. This development has left taxpayers grappling with uncertainty and confusion., Income Tax News - Times Now
New Tax Regime vs Old Tax Regime: An important aspect of opting into the new regime was that once opted in, persons having business/professional income could only opt out of the regime once and thereafter, would be prevented from opting back in.
What factors make the decision-making process challenging when it comes to choosing between the new and old tax regimes, particularly considering the variations in tax slabs?