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Saturday, April 13, 2024

New versus Old regime: Does opting for the old income tax regime for TDS on salary make ITR processing, refunds easier?

Salaried individuals must carefully choose between old and new tax regimes for TDS on salary. Providing proofs for deductions is crucial, and genuine deductions are necessary for smooth ITR processing. Consistency between Form 16 and ITR is advised for seamless filing.

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