Option of new lower tax rate - 115BAC


Quick Summary
This spreadsheet compares the old and new tax structures introduced by Section 115BAC. It includes a tax calculator to help individuals and HUFs determine which tax regime is more beneficial based on their income, age, and available deductions. The document highlights the deductions and exemptions not available under the new scheme and provides guidance on when to opt for the lower tax rates. It's a useful tool for making informed tax decisions.

File details
XLSX 40 KB 0 downloads Income Tax
File description
FILE ANALYSES THE NEW OPTIONAL TAX STRUCTURE PRESCRIBED BY FINANCE BILL 2020 #xlsx
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