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Survey Reveals Tax Regime Preferences Among Indians, Unveiling Gender Disparities and Investment Trends A recent survey conducted by PB Fintech, the parent company of Policybazaar, sheds light on the tax regime preferences of Indians, revealing intriguing insights into the financial choices made by over 1,200 respondents across 350 cities in the country. The survey indicates that a substantial 63% of tax-paying Indians continue to adhere to the old tax regime, while 37% have transitioned to t
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FAQ :
A survey by PB Fintech found that 63% of Indian taxpayers still prefer the old tax regime.
The survey indicates that 74% of women opted for a tax regime through meticulous calculations, suggesting a strong preference for careful planning, which leans towards the old regime's structure for many.
Provident fund investments are the most popular choice, followed closely by life insurance and other life insurance instruments.
The primary reason cited for favouring the old regime is the tax-free status of long-term investments, with 46% of respondents choosing it for this benefit. Retirement plans were also a significant factor for 26%.
No, the survey found that a third of respondents admitted to not conducting any calculations before choosing a tax regime.
Businesspersons showed the highest preference for the new tax regime, with 49% favouring it.
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