The new income tax
discipline came into effect on April 1, 2020. It gives an individual the option
to continue with existing tax duties (with tax rebates and exemptions) or to
opt for the 70 new tax rebates and tax exemptions. For the convenience of salaried
persons who have no business income, they have to choose between the existing
and new tax system every financial year.
Showing posts with label How to calculate income tax for F.Y 2020-21 U/s 115BAC. Show all posts
Showing posts with label How to calculate income tax for F.Y 2020-21 U/s 115BAC. Show all posts
Tuesday, 1 September 2020
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