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 New Income Tax Regime Vs Old Tax Regime for F.Y. 2020-21. Show all posts
Showing posts with label New Income Tax Regime Vs Old Tax Regime for F.Y. 2020-21. Show all posts
Friday, 10 April 2020
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