88% individual taxpayers shift to new tax regime, CBDT chief rules out sunset clause for old regime
A significant 88% of individual taxpayers have embraced the new income tax regime, with presumptive tax cases seeing a 97% shift. The government confirms no sunset clause for the old system, emphasizing taxpayer choice. Policy changes, including MAT adjustments and proposed STT hikes, aim to further influence tax behavior and moderate derivatives trading.🕒 1 min read
A significant 88% of individual taxpayers have embraced the new income tax regime, with presumptive tax cases seeing a 97% shift. The government confirms no sunset clause for the old system, emphasizing taxpayer choice. Policy changes, including MAT adjustments and proposed STT hikes, aim to further influence tax behavior and moderate derivatives trading.
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