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.
