Impact of New Direct Individual Tax Regime During Last Two Years

Author(s)	Aditham Prakash Rao, Shubhra Aanand
Country	India
Abstract	The New Individual Tax Regime was introduced on 1st April, 2020 with the objective of simplifying tax compliance and a lower rate of tax was announced on different slabs which have been increased from 3 to 7 slabs of income range. It is importance to understand how this new individual tax regime has affected the tax liability of the individuals or contributed in increasing the tax base or in increasing tax revenue. Hence an attempt is made to understand the impact of New Direct Tax regime on the options of the assesses, revenue generation and widening the tax base.
Keywords	New tax regime, old tax regime, tax liability, deductions/exemptions, returns, fliers
Field	Business Administration
Published In	Volume 6, Issue 1, January-February 2024
Published On	2024-02-22
Cite This	Impact of New Direct Individual Tax Regime During Last Two Years - Aditham Prakash Rao, Shubhra Aanand - IJFMR Volume 6, Issue 1, January-February 2024. DOI 10.36948/ijfmr.2024.v06i01.13756
DOI	https://doi.org/10.36948/ijfmr.2024.v06i01.13756
Short DOI	https://doi.org/gtjtwd

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