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Showing posts with label Automated Income Tax Software All in One for A.Y.2021-22. Show all posts
Showing posts with label Automated Income Tax Software All in One for A.Y.2021-22. Show all posts

Monday 18 May 2020


How to do Income Tax Calculation for FY 2020-21? Which Tax Structure to Choose?

Here is the answer to these inquiries!

According to Budget 2020, you cannot claim any tax deduction or exception if you plan to opt for a new tax structure. Along these lines, as an individual taxpayer if you opt for the new tax regime with lessening tax rate you need to forgo all tax breaks available today. Fortunately, you have the option to proceed with the old tax structure. A salaried individual can switch among old and new tax structure.