Union Budget 2020 offers individuals the
choice of paying tax under the new regime of lower income tax rates by forgoing
the tax exemptions/deductions or continue to pay tax under the existing income
tax laws by claiming the applicable exemptions and deductions. Essentially, the
more exemptions an individual claims, the less likely he/she is to benefit from
the new optional tax regime however which regime is beneficial will vary on a
case to case basis. Calculations show that salaried individual.
Showing posts with label How to choose Old and New Tax Calculation Option. Show all posts
Showing posts with label How to choose Old and New Tax Calculation Option. Show all posts
Friday 10 April 2020
Subscribe to:
Posts (Atom)