Section115BAC is the newly inserted section in the Income Tax Act, 1961 that deals with the new income tax regime. This section and alternate tax regime was introduced in Union Budget 2020 and are applicable to individuals and Hindu Undivided Families (HUFs) only. A key…
The deposition of advance taxes seen a reduction to reduce decline resulting in more than 30% reduction in the Gross Tax Collections. The dip shows that the businesses have been impacted very harshly by the coronavirus lockdown. All the companies and other “big” assesses are…
Automated Income Tax Calculator All in One for Govt and Non-Govt Employees for the F.Y.2020-21 as per New and Old Tax Regime U/s 115BAC. The year 2020 has brought a totally new experience to the humankind and made us realized our true status against nature….
What is the maximum income tax you can save for this year As per the Budget 2020 in the Old Tax Regime, Not entitled the exemption of 80C for the New Tax Regime U/s 115BAC for the F.Y.2020-21 1.DEDUCTION U/S 80C / 80CCC / 80CCD…
