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Global Business News

The Economic Times

Global Business / The Economic Times

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CBDT chief says 88 per cent of individual taxpayers have opted for new tax regime

A significant 88% of individual taxpayers have opted for the new tax regime, with the government not planning a sunset clause for the old regime. The new regime offers lower tax rates and exemptions for those earning up to Rs 15 lakh annually. The Budget also proposes changes to MAT and STT to influence taxpayer behavior.

4 Feb 2026 7:44 pm