ITR filing: Here is a lowdown on new income tax regime— check exemptions and deductions

[Felaket]

ITR filing: Here is a lowdown on new income tax regime— check exemptions and deductions Under the new tax regime, lower tax rates come into effect and taxpayers are not allowed to claim deductions and exemptions when they file the income tax return. While the new tax regime is the default regime, it is not mandatory to adopt it.