Taxable Salary Income Under Section 115BAC: Old vs New Rules

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Source: Taxable Salary Income Under Section 115BAC: Old vs New Rules

Taxable salary income under Section 115BAC varies depending on whether you choose the Old or New Tax Regime. The Old Regime offers multiple exemptions and deductions like HRA, LTA, 80C, and home loan benefits, helping employees reduce taxable income through planning. The New Regime provides lower tax rates with limited deductions, offering a simpler structure. SKMC Global helps employees and businesses evaluate both regimes, optimize tax planning, and ensure accurate compliance.

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