What is default tax regime as per budget changes FY 2023-24?

Created by Product Content Team, Modified on Wed, 18 Jun at 12:54 PM by Product Content Team


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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