New Tax Regime vs Old Tax Regime: Comparison, Calculation & Tax Slabs 2020-21, (Hindi Subtitles)
The budget 2020 saw the finance minister, Nirmala Sitraman, announce a new tax regime with more tax slabs and lower tax rates. But it came with the catch of removal of all the deductions and exemptions available.
To add to this confusion, the finance minister gave taxpayers a choice between the new regime and the existing one, leaving it to them to decide which they would like to opt for. All these factors acting together, instead of tax laws getting simpler, they are now more complex.
And if you are wondering how to go about figuring out which regime you should opt for, this video answers that question for you. We look at the new regime in detail, its benefits and compare it to the existing tax system.
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