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115 BAC INCOME TAX

This query is : Resolved 

09 December 2021 Respected Sir,

What is section 115 BAC ?

Since when it has started coming into effect ?





09 December 2021 The Budget 2020 introduced 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.

09 December 2021 Thanks Raman Sir
Lot of thanks for taking keen interest to solve my queries
Tks with kindest regards

10 December 2021 You are welcome.....




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