"I am BBA LL.B. (Hons.) law student with a strong academic interest in taxation law, corporate regulation, and commercial legal frameworks. With an interdisciplinary background in business and law, the author focuses on analysing legal developments through both statutory and practical perspectives, particularly in the areas of tax compliance and regulatory governance."
India has moved from a uniform ITR deadline to a category-based system linked to audits and income complexity. The reform improves compliance efficiency while remaining rooted in statutory authority.
Explains how the new tax regime under Section 115BAC impacts higher-income salaried taxpayers, analysing the 25% slab, loss of deductions, marginal tax effect, and whether salary hikes still lead to real take-home growth.
