From 2021 there are 2 slabs in Income tax Old and New. We called them Old Regime and New Regime, both the regime has there own pros and cons so one should be carefull to choose between them and decide according to income and investments which regime is better for him.
Also there is a new change in ITR due date according to Tax regime, if you want to opt for Old Regime then you must file your ITR till 31 July, after that you can only opt for New Regime.
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Pooja Gupta
CA Pooja Gupta (CA, ISA, M.com) having 15 years of experience.
Educator and Digital Creator
