The new income tax regime announced in Budget,
give an option to individuals and Hindu Unified Families (HUFs) to be taxed at
lower rates on the off chance that they don't profit determined exclusions and reasoning’s
Showing posts with label Income Tax Calculator for F.Y.2020-21. Show all posts
Showing posts with label Income Tax Calculator for F.Y.2020-21. Show all posts
Monday 24 August 2020
Saturday 22 August 2020
When a new tax regime
was reported in Money Bill, 2020
people got inquisitive and began calling their specialists to ask what
tax regime they ought to pick and what is the new tax regime and is it
for
everybody or not.
Saturday 1 August 2020
The CBDT (
Central Board of Direct Taxes) as of
late gave a roundabout furnishing explanation regarding option under section
115BAC of the Income-tax Act, 1961
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.
Monday 27 April 2020
How to do Income Tax Calculation for FY 2020-21?
Which Tax Structure to Select?
As per budget 2020, you cannot claim any tax
deduction or exemption if you plan to opt new tax structure. So, as an
individual tax payer if you opt for the new tax regime with reduce tax rate you
need to forgo all tax breaks available today. Fortunately, you have option to
continue with old tax structure. Salaried person can switch between old and new
tax structure.
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