A tax regime refers to the set of rules, regulations, and policies that determine how taxes are imposed, collected, and managed in a specific country or region.
Employees can effortlessly choose the best tax regime for them using the greytHR application.
During the IT declaration, the application enables easy comparison between the old and new regimes based on declared investments, allowing employees to easily assess and select the most favorable option for their individual financial circumstances.
greytHR also highlights the Maximum Benefit tag on the regime which has a lower net tax amount.
To know how to compare between tax regimes, click here.
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Related Links:
Video -To watch the Income Tax video, click here.
FAQs - To read more FAQs about Income Tax, click here.
Documentation - To read more about the Income Tax page, click here.
Product Update - To read our product update, click here.
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