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Form 10IE To Select New Tax Regime

In Budget 2020, taxpayers were given an option to choose between the old and new tax regime. Under the new tax regime, taxpayers have an option to pay lesser tax on the total income. That means taxpayers will not be allowed to claim the deductions and tax benefits otherwise available in the old tax regime … Read moreForm 10IE To Select New Tax Regime

Budget 2020 – An analysis of the new tax regime

The budget of 2020, announced on 1 February 2020, for the first time has given taxpayers an option to choose how much tax they would want to pay. That means a taxpayer can choose to invest and pay tax on reduced income or not invest and pay a lower tax on the actual income earned. … Read moreBudget 2020 – An analysis of the new tax regime