As per the Budget 2020 has introduced a New Income Tax
Section 115 BAC for the Financial Year 2020-21, also the CBDT declare A
Notification about this New Section that how to calculate your Income Tax under
this Section. You can choose your option that you can get the Old Tax Regime or
New Tax Regime. It also appears that if you choose the New Tax Regime, you can
not availed any Income Tax benefits except the NPS benefits by the employer to
the employees and no additional Tax Slab for the Senior Citizen in this New Tax
Slab. But if you choose the Old Tax Regime you can get all benefits of all Income Tax Sections and you also availed
the Old Income Tax Slab Rate as per the F.Y.2019-20. Then it is questioned how to
choose the Tax Benefits, read the article How to Choose your Option New or Old Tax Regime.
Showing posts with label Auto Calculate Income Tax Salary Arrears Relief Calculator from F.Y.2000-01 to F.Y.2020-21. Show all posts
Showing posts with label Auto Calculate Income Tax Salary Arrears Relief Calculator from F.Y.2000-01 to F.Y.2020-21. Show all posts
Monday, 31 August 2020
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