Showing posts with label Analyses the benefits before making your choice U/s 115BAC for f.Y.2020-21. Show all posts
Showing posts with label Analyses the benefits before making your choice U/s 115BAC for f.Y.2020-21. Show all posts
Friday, 29 May 2020
Under the simple system, it is not possible to claim some concessions and exemption.
In the Budget 2020 has introduced a simple personal tax system to reduce the tendency of income tax income of individuals.
This new regime provides an option for individuals to pay taxes at a
reduced rate subject to certain discounts and rebates. The following is a
quick comparison of tax rates.
