Tax benefits of New and Old Tax Regime as per Budget 2023| According to the actual Tax Slab on your total income found under the old or new tax system, each salaried employee will be subject to tax. Payroll employees must file income tax returns at the beginning of the 2023-2024 tax year because, after various deductions, income tax is calculated based on various tax brackets. As a result, tax planning must begin with the start of a new tax year. Under the new tax system, new income tax slabs…