Old Regime - Rate VS New Regime

Bhavesh (Accounts) (156 Points)

25 July 2020  

Hello Freinds this FY in the Union Budget 2020 has Introduced Section 115BAC where slab rates has changed in case of Old Regime Deduction is 5% upto 5 Lakhs. My gross Salary is 3,50,000/- pa my question is which would be better choice for me whether i should opt for an option under section 115BAC towards new regime or should I must opt for Form No.12BB (See Rule 26C). Thanks.