More than 63% of tax-paying Indians are still on the old tax regime, compared to the 37% who have moved to the new one, found a survey conducted by PB Fintech, the parent company of insurance marketplace Policybazaar.
The survey, which covered 1,263 respondents across 350 cities in the country, found out that women were more particular about choosing the tax regime, with 74% of them having picked the tax regime through hard calculations compared to 71% among men.
“The fact that 80% of the individuals made a conscious choice based on tax liability reflects a collective financial prudence… this foresight was more or less uniformly represented across tiers, income groups, age groups and genders,” said Sarbvir Singh, joint group CEO, PB Fintech.
Read more at: The Economic Times
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