Flat

Can a 30% flat deduction bring taxpayers back to long-term investments, insurance?

Can a 30% flat deduction bring taxpayers back to long-term investments, insurance?

When the new income tax regime was introduced in 2021, people were taken aback by the lack of most deductions. However, the simplified tax regime made a lot of sense.  Gone was the hassle of tracking investments, loans, or charitable contributions. Instead, taxpayers pooled their income, calculated tax liabilities, and filed returns with ease, embracing

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