Budget 2020 offers individuals the choice of paying tax under the new regime of lower income tax rates by forgoing the tax exemptions or continue to pay tax under the existing income tax laws by claiming the applicable exemptions and deductions.
The more exemptions an individual claims, the less likely the individual is to benefit from the new optional tax regime; however, which regime is beneficial will vary on a case-to-case basis.
To decode this dilemma of old tax regime vs. new tax regime and enable HR teams to solve employees' catch-22 situation around benefits and tax saving, People Matters and Sodexo bring to you this webcast where you will learn:
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