Alternate Tax Regime for Individuals u/s 115BAC from AY 2021-22

CA VK Agrawal
February 1, 2021February 1, 2021
INCOME TAX

This article is only meant for salaried class employees and not meant for individuals who are having business Income. As there are few differences in the scheme for the salaried class of persons and non-salaried class of persons. The Budget 2020 introduces a new system under section 115BAC giving an option to individuals and HUF taxpayers to pay income tax at lower rates. The new system is applicable for income… Read More »Alternate Tax Regime for Individuals u/s 115BAC from AY 2021-22

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