Hi Team, Can some help me to understand Which Income Tax Regime Is Beneficial for Less than 10 lakhs income per annum? Old (2019-2020) Vs New (2020-2021). Regards
From India, Bengaluru
Hi
If you are availing the benefits of various exemptions then the old IT is beneficial for you. Maybe in due course there will be more amendments to the new one which is applicable only with effect from April 01, 2020.
Thanks and Regards
From India, Hyderabad
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
116
Circular No 1-2018 Processing of income-tax returns under section 143(1) of the Income-tax Act .pdf
Income Tax Calculator.xls