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RE: Another boost for new Tax regime in India

in LeoFinancelast year

There are speculations that this budget will give some relief to the tax payers. Possibility of 80C slab to be increased and the standard deduction also to be increased. Definitely the government has been promoting the new regime. Probably old regime will be discontinued in coming 2-3 years.

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It is hard to discontinue the old regime. I guess they are making the new regime convenient and attractive so that everyone would migrate.

I personally would migrate if it is more beneficial compared to old. Currently old is good for me.