Authors: Nikita Shahurao Jagtap, Sakshi Hande, Dr Prashant Kalwade
Abstract: Taxation plays a crucial role in the economic development of a country and directly affects the disposable income of taxpayers. The government of india introduced the new tax regime to simplify tax calculations and provide taxpayers with reduced tax rates while minimizing exemptions and deductions. This study aims to analyze and compare the effectiveness of the old tax regime and the new tax regime among taxpayers. The research focuses on taxpayers’ preferences, awareness level, benefits, challenges, and overall satisfaction with both tax systems. Primary data was collected through structured questionnaires from respondents, while secondary data was gathered from journals, reports, and government publications the findings indicate that taxpayers' preferences differ based on income level, deductions, and financial planning strategies.
DOI: http://doi.org/10.5281/zenodo.20339345
