A tax regime encompasses the framework and guidelines that determine how taxes are imposed, calculated, collected, and enforced.
As per the budget changes FY 2023-24, by default, the new regime applies to employees who do not declare their income tax.
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Related Links:
Video- To watch a video on Budget changes for FY 2023-24, click here.
FAQs: To read more about Budget changes for FY 2023-24, click here.
Documentation:
- To learn more about the recent Budget changes for FY 2023-24, click here.
- To learn more about the Tax Slabs of budget changes, click here.
Product Update- To read about the product update, click here.
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