Introduce a new section 115 BAC in the 2020 budget for the fiscal year 2022-23. This section 115BAC contains an option that allows you to continue with the old tax regime with all tax deductions from the financial year 2021-22 and opt for the new tax regime excluding all tax deductions on income for the […]
See How Much Tax You Can Save in the Fiscal Year 2022-2023 | With automatic income tax filling for government and non-government employees for the fiscal year 2022-23
See How Much Tax You Can Save in the Fiscal Year 2022-2023| Chapter VI A of the Income Tax Act contains various subsections of section 80 accordingly, that allows a taxpayer to claim deductions from total gross income. Therefore, In other words, there are taxpayers who have not yet invested in the financial products needed to save on taxes. If […]
