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Showing posts with label Analyses the benefits before making your choice U/s 115BAC for f.Y.2020-21. Show all posts
Showing posts with label Analyses the benefits before making your choice U/s 115BAC for f.Y.2020-21. Show all posts

Friday 29 May 2020



 Under the simple system, it is not possible to claim some concessions and exemption.

In the Budget 2020 has introduced a simple personal tax system to reduce the tendency of income tax income of individuals. This new regime provides an option for individuals to pay taxes at a reduced rate subject to certain discounts and rebates. The following is a quick comparison of tax rates.