In the Budget 2020 introduced a new Section 115 BAC for the F.Y.2020-21. This Section 115BAC have an option that you can stay in the Old Tax System along with all the Income Tax Exemptions as per the F.Y.2019-20 and you can Opt-in the New Tax Regime Excluding any Exemptions of Income Tax as the […]
Section 115BAC: Features of the new tax regime and its benefits And Automated Income Tax Arrears Relief Calculator U/s 89(1) with Form 10E for the F.Y.2020-21
People and HUF taxpayers are qualified to choose a new tax regime from F.Y 2020-21. From F.Y 2020-21, you can choose to pay income tax under a discretionary new tax regime. The new tax regime is accessible for people and HUFs with lower tax rates and zero deductions/exceptions. We will talk about the features of […]
Automated Income Tax Arrears Relief Calculator From the F.Y.2000-01 to F.Y.2020-21 (Updated) With Major Changes in Income Tax Rules FY 2020-21 (AY 2021-22) & FY 2019-20
As per the rules, every eligible candidate has to file an income tax return. 2020-21Â The income tax rules for the new financial year have undergone some major changes. These changes are being followed from 1 April 2020. As per the rules, every eligible candidate has to file an income tax return. Through the Union Budget, […]
