As a new financial year begins, expect your employer to reach out to you regarding choosing a tax regime for 2024-25, if they have not already. This decision is crucial. The choice of tax regime dictates how your income will be taxed. If you don’t make the right pick, you might end up losing money. Our Partner (Head – Taxation) S R Patnaik shared his views on the new tax regime in an article published in Business Standard.