Accountancy, asked by swakuna4534, 2 months ago

Why not government deduct tax by its own

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Answered by Anonymous

2

Answer:

$\large\mathbb{\underbrace\purple{ANSWER}}$

The important tax breaks that will not be available under the new tax regime include Section 80C (Investments in PF, NPS, Life insurance premium, home loan principal repayment etc.), Section 80D (medical insurance premium), tax breaks on HRA (House Rent Allowance) and on interest paid on housing loan.

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