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Tax: Till now you were taking tax exemption in the old regime, now you have to go to the new regime, what is its process..

The video from MSN Money discusses the transition from the old tax regime to the new tax regime in India. It explains that under the new regime, which was introduced to simplify the tax structure and offer lower tax rates, taxpayers must forgo many of the exemptions and deductions available in the old regime. The process involves understanding the new tax slabs, which are more straightforward but come with fewer benefits like HRA, LTA, and deductions under sections like 80C, 80D, etc. The video likely guides viewers on how to opt for the new regime, the implications of this choice, and how to calculate taxes under this system, emphasizing the need for taxpayers to evaluate which regime is more beneficial based on their income and investments.

Read the Full Newspoint Article at:
[ https://www.msn.com/en-in/money/video/tax-till-now-you-were-taking-tax-exemption-in-the-old-regime-now-you-have-to-go-to-the-new-regime-what-is-its-process/ar-AA1A2GHo ]