INCOME TAX REBATES FOR FY 22-23 YOU LOSE UNDER NEW TAX REGIME

, We have two options to chose from for making payment of income tax which involves two sets of Income tax rate slabs with two different sets of Tax rebates associated with each of the option . The first one , Simplified optional Individual tax regime or New tax regime , introduced with lower income tax rates for the persons who are ready to forgo many tax rebates . Here we discuss what rebates under old tax regime will be lost in the new tax regime .