New Delhi, April 20 -- The Indian taxation and payroll ecosystem is rapidly transforming and undergoing a structural shift. The implementation of new labour codes, combined with evolving income-tax rules, is completely changing the way how salaried individuals optimise taxes under the new tax regime.

Furthermore, what was once perceived as a simple, no-deduction system is now emerging as a framework driven by prudent compensation design and employer-led benefits. These developments have sparked debate over how the new labour codes can increase tax savings for those opting for the new tax regime. To explore this, Mint spoke with prominent Chartered Accountants to gauge their views on the recent changes.

CA Ruchika Bhagat, MD, Neeraj Bhag...