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New tax Regime AY 2021-22

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Nitish Gautam

28 Points Posted on 09 February 2020

Charge of tax for Person

Replies (5)

Quick Summary

This discussion clarifies the new tax regime for Assessment Year 2021-22, detailing the tax slabs and rates introduced in Budget 2020. It highlights that individuals and HUFs can opt for either the new or old tax scheme, but once a choice is made, it generally cannot be changed in subsequent years. The specific rates for different income brackets under the new regime are also provided.

Kapadia Pravin

17269 Points Posted on 09 February 2020

What exactly your query is ?

New tax regime rates/slabs are as per Budget 2020.

All well published on Net, Newspapers, TV.

Nitish Gautam

28 Points Posted on 09 February 2020

Thanks A lot for your answer

Spurto Consultancy Services

Consultant

1891 Points Posted on 09 February 2020

The new tax regime was for individual and HUF.

Up to Rs 2.5 lakh - Nil

From 2,50,001 to 5,00,000 - 5%

From Rs 5,00,001 to 7,50,000 - 10%

From Rs 7,50,0001 to 10,00,000 - 15%

From Rs 10,00,001 to Rs 12,50,000 - 20%

From Rs. 12,50,001 to Rs. 15,00,000 - 25%

From Rs 15,00,001 onwards - 30%

RAJA P M

"Do the Right Thing...!!!"

128162 Points Posted on 09 February 2020

For AY 2021-22 You can opt new tax scheme or Old tax scheme.
But, Please think about Once opt any one then can't exit the option in any of the years...