New Income Tax Scheme

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The discussion clarifies whether the new income tax scheme introduced in the budget for AY 2021-22 applies to individuals earning income from a business. The consensus is that the scheme is indeed applicable to all individuals, regardless of whether their income is from salary or business. This means both salaried employees and business owners can potentially benefit from the new tax structure.

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(Querist)
04 February 2020 Whether the new income tax scheme announced in budget for AY 2021-22 is not applicable for a person having income from business ?
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CA Mayur Todmal

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CA Mayur Todmal (Expert)
04 February 2020 applicable to all individuals whether salaried or businessman
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Mahabir Prasad Agarwal

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Mahabir Prasad Agarwal (Querist)
04 February 2020 Thanks for quick reply
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CA Mayur Todmal

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CA Mayur Todmal (Expert)
04 February 2020 welcome ...................
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