Section 115BAC - New income tax slab rates for Individuals and HUFs inserted by Finance Bill 2020

Priyanshi Desai , Last updated: 03 February 2020  
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New Income tax rate for individuals and HUFs A new section 115BAC is inserted in the Income Tax Act by Finance Bill 2020 which provides following On satisfaction of certain conditions, an individual or HUF shall, from P.Y. 2020-21, A.Y. 2021-22 onwards, have the option to pay tax in resp

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Published by

Priyanshi Desai
(Tax Lawyer and cleared CA Final Group 2 and preparing for Group 1)
Category Union Budget   Report

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