New tax scheme vs Old scheme for Individual /HUF:BUDGET-2020
Posted: 02 Feb 2020 06:57 PM PST
A New section 115BAC of the Income-tax Act, has been inserted with effect from the 1st day of April, 2020. This section will provide the new and lower income tax slab rates for the individual and HUF if the Individual or HUF shall satisfied the certain condition. An individual and HUF from the AY 2021-22 onwards have an option to pay tax at the following rates mentioned below: 1. New &...
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