Finance
Sock Johnson88% Taxpayers Embrace New Regime, No Turning Back!
Listen up, tax warriors! A staggering 88% of individual taxpayers have stormed the new tax regime, and the government is strutting forward without a backward glance! CBDT Chairman Ravi Agrawal is thrilled with the results, and with 97% of presumptive tax cases making the leap, it's a tax takeover! Get ready for the FY27 Budget to drop some serious MAT rate magic!
few days ago | Press Trust of India
Quick rundown
1.88% of individual taxpayers have adopted the new tax regime.
2.No sunset clause for the old tax regime is planned.
3.MAT provisions in FY27 Budget aim to encourage the new regime.
4.STT hike in FY27 Budget targets aggressive retail investors.
5.Direct taxes collection target set at ₹24.21 trillion for 2025-26.
