PERSONALISED INVESTMENT MANAGERS

Personal Finance for Investors

Income Tax - Old Regime Vs. New Regime

In recent years, the Indian tax system has undergone significant changes, with the introduction of a new tax regime that rivals the old one. For taxpayers, this addition has resulted in a new landscape of tax regulations, benefits, and liabilities. We have compared and contrasted the two of them, highlighting the key differences between them.

The old tax regime in India is based on the existing Income Tax Act, 1961 with multiple tax slabs and exemptions. The new tax regime, introduced in the 2020 Union Budget, is based on a simplified tax structure with lower tax rates but fewer exemptions. Key differences between the two regimes are:

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MIMI PARTHA SARATHY
Managing Director,
Sinhasi Consultants Pvt. Ltd.

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        Complaint Data as per SEBI RIAs Regulation

        DATA FOR THE MONTH ENDING 30 April, 2023

        RECEIVED FROM PENDING AT THE
        END OF LAST MONTH
        RECEIVED RESOLVED* TOTAL PENDING# PENDING COMPLAINTS
        > 3 MONTHS
        AVERAGE RESOLUTION TIME^
        (IN DAYS)
        Directly from Investors 0 0 0 0 0 0
        SEBI (SCORES) 0 0 0 0 0 0
        Other Sources
        (if any)
        0 0 0 0 0 0
        Grand Total 0 0 0 0 0 0

        ^ Average Resolution Time is the sum total of time taken to resolve each complaint in days, in the current month divided by total number of complaints resolved in the current month.


        TREND OF MONTHLY DISPOSAL OF COMPLAINTS

         

        MONTH CARRIED FORWARD FROM PREVIOUS MONTH RECEIVED RESOLVED* PENDING#
        MAY '22 0 0 0 0
        JUN '22 0 0 0 0
        JUL '22 0 0 0 0
        AUG '22 0 0 0 0
        SEP '22 0 0 0 0
        OCT '22 0 0 0 0
        NOV '22 0 0 0 0
        DEC '22 0 0 0 0
        JAN '23 0 0 0 0
        FEB '23 0 0 0 0
        MAR '23 0 0 0 0
        APR '23 0 0 0 0

        *Inclusive of complaints of previous months resolved in the current month.
        #Inclusive of complaints pending as on the last day of the month.


        TREND OF ANNUAL DISPOSAL OF COMPLAINTS

         

        YEAR CARRIED FORWARD FROM PREVIOUS YEAR RECEIVED RESOLVED* PENDING#
        2018-19 0 0 0 0
        2019-20 0 0 0 0
        2020-21 0 0 0 0
        2021-22 0 0 0 0
        2022-23 0 0 0 0
        Grand Total 0 0 0 0

        *Inclusive of complaints of previous years resolved in the current year.
        #Inclusive of complaints pending as on the last day of the year.


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