Is new income tax slab beneficial for home loan EMI paying individuals?1 min read . Updated: 21 Mar 2023, 08:22 AM IST
The Income Tax Act provides various provisions for a tax rebate on home loans
The Union Budget for 2023–24 was balanced across all sectors, but from the perspective of taxation, it incentivized individual taxpayers to choose the new tax regime by offering a higher tax rebate threshold than the old regime allowing them to claim higher deductions from various sources of income.
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