Confused about the new tax regime in India? This video breaks down everything you need to know about tax exemptions under Section 10(30) and the rebate under Section 87A for Assessment Year 2024-25 (applicable to income earned in Financial Year 2023-24). We also compare deductions allowed and not allowed under the new regime to help you decide which regime suits you best.
Learn about:
Basic exemption limit increase
Tax rebate for income up to ₹7 lakh
Standard deduction vs. old regime deductions
Choosing the right tax regime for AY 2024-25
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