Income Tax 12 October 2026
New Job, Same Taxes: Navigating India's Dual Regime
India's revised tax framework lets eligible employers apply a flat 10% deduction under the old tax regime, giving new employees a straightforward option for salary tax planning. The piece outlines how fresh hires can manage take‑home pay without relying on future wealth growth, compares the new versus old regimes, and offers practical guidance on selecting the most tax‑efficient approach.
Key Points
- The new tax regime in India offers a simplified tax structure, but eligible employers can still apply a 10% rate under the old regime for salary deductions.
- New employees don't need to rely on future wealth accumulation to benefit; they can choose the regime that maximizes take‑home pay.
- The article compares both regimes, advising on how to decide based on income level and financial goals.
Read more at Financial Express article.
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