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New Tax Regime with lower rate of taxation

The new tax regime offers lower rates of taxation compared to the previous regime, providing taxpayers with an alternative tax structure. It simplifies tax calculations and offers reduced tax rates by eliminating most deductions and exemptions. Taxpayers can choose between the old and new regimes based on their preferences and financial circumstances.

SITE : https://ushmaassociates.com/individual-income-tax-return/

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