Does the new tax regime do more damage than good by disincentivising savings?

Many people who don’t understand the need to save for the future, may decide not to save anything at all, if they have the option to pay lower taxes without deductions under the new tax regime. For such people with little to no savings, the negative fallout from this issue will manifest in the next decade or two.

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​ Many people who don’t understand the need to save for the future, may decide not to save anything at all, if they have the option to pay lower taxes without deductions under the new tax regime. For such people with little to no savings, the negative fallout from this issue will manifest in the next decade or two. Many people who don’t understand the need to save for the future, may decide not to save anything at all, if they have the option to pay lower taxes without deductions under the new tax regime. For such people with little to no savings, the negative fallout from this issue will manifest in the next decade or two.  Moneycontrol Latest News Read More