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Showing posts with label Automated Income Tax Excel Based Software All in One for Govt & Non-Govt employees for F.Y. 2020-21. Show all posts
Showing posts with label Automated Income Tax Excel Based Software All in One for Govt & Non-Govt employees for F.Y. 2020-21. Show all posts

Thursday 30 April 2020


New section115BAC is embedded in Income Tax Act by the Finance Act 2020 and it is pertinent w.e.f first April 2020 and will be appropriate on Individuals and HUFs for evaluation year 2021-22 and resulting appraisal years. Under this section taxpayers i.e Individuals and HUFs has an option to pay the tax based on concessional piece rates subject to certain conditions. The new income tax chunk rates according to section 115BAC are as per the following: