New Tax Regime vs. Old Tax Regime | Section 115BAC of The Income Tax Act, 1961

Ashok Pitroda , Last updated: 12 June 2021  
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The Budget 2020 introduces a new regime under section 115BAC giving an option to individuals and HUFs to pay income tax at lower rates. From FY 2020-21, the assessee can choose to pay income tax under an optional new tax regime. The new tax regime is available for individuals and HUFs with lower tax

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Ashok Pitroda
(Accounting Professionals)
Category Income Tax   Report

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