Finance
Mr. Billionhair88% Taxpayers Ditch Old Regime – A Tax Revolution Is Here!
Folks, listen up! A staggering 88% of taxpayers are ditching the old tax regime—it's out, it's over! CBDT's Ravi Agrawal says the response is tremendous! Even 97% of presumptive taxpayers are on board! With new MAT provisions on the way, it’s a tax revolution like you’ve never seen! Get ready for the best tax season ever, believe me!
few days ago | Press Trust of India
Quick rundown
1.88% of individual taxpayers have adopted the new tax regime.
2.No sunset clause for the old tax regime is planned.
3.MAT provisions in FY27 Budget aim to encourage the new regime.
4.STT hike in FY27 Budget targets aggressive retail investors.
5.Direct taxes collection target set at ₹24.21 trillion for 2025-26.
