state gov Telangana Police SI (Pre+Mains) Mock Test Series 2025 Current Affairs Business and Economy
Consider the following statements regarding the impact of the new tax regime on different income groups:
1. High-income earners with substantial deductions are more likely to benefit from the old tax regime.
2. Low-income earners who do not claim many deductions may find the new tax regime less beneficial.
Which of the statements given above is/are correct?
1
1 only
2
2 only
3
Both 1 and 2
4
Neither 1 nor 2