Income Tax Return Filing: Which salaried employees need to submit investment proofs to cut tax outgo?

Salaried employees opting for the old tax regime for FY 2024-25 must submit investment proofs to claim exemptions and deductions. The new tax regime requires no such documentation, allowing only two specific deductions.

Income Tax Return Filing: Which salaried employees need to submit investment proofs to cut tax outgo?

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Salaried employees opting for the old tax regime for FY 2024-25 must submit investment proofs to claim exemptions and deductions. The new tax regime requires no such documentation, allowing only two specific deductions.