Income Tax: Introduced in 2020, the new tax regime became a default regime in 2023. To be able to file tax return under the old tax regime and claim tax exemption, one has to first opt out of the new tax regime first while filing tax return

​Income Tax: Introduced in 2020, the new tax regime became a default regime in 2023. To be able to file tax return under the old tax regime and claim tax exemption, one has to first opt out of the new tax regime first while filing tax return