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Understanding the Recent CBDT Amendment The landscape of taxation is evolving, and the Indian government’s ongoing efforts to modernize and streamline tax regulations are a testament to this fact. In a recent development, the Central Board of Direct Taxes (CBDT), a key arm of the Ministry of Finance, has introduced updated rules pertaining to the […]
#TaxCalculator #NewTaxRegime #SGCServices #PayrollTax #TaxPlanning The Finance Bill 2020 introduced Section 115BAC, ushering in a New Tax Regime for Individuals and Hindu Undivided Families (HUFs). This regime offers taxpayers a choice: opt for lower tax rates by forgoing certain exemptions and deductions or stick with the existing tax structure to retain those benefits. To help […]
A quick review (Limited Information) of the applicable Income tax Rates income tax act after incorporating amendments by the Budget of 2019 are given below for ready reference and information of our clients :- (A) RATE OF INCOME TAX FOR F. Y. 2019-20 (A.Y. 2020-21) Click here to download INCOME TAX RATES F. Y. 2019-20 […]
The Union Budget of India assessment year 2020-21 was presented by acting Finance Minister Piyush Goyal on 1 February 2019. A quick review (Limited Information) of the applicable Income tax Rates income tax act after incorporating amendments proposed by the Budget of 2019 are given below for ready reference and information:- Budget Highlights 2019-20 – […]
In Budget 2018, Finance Minister Arun Jaitley has kept the basic income tax rates and the slabs unchanged. However, he proposed a number of income tax changes that will impact many taxpayers. Click here to download A quick review (Limited Information) summary copy of the applicable Income tax Rates income tax act after incorporating amendments proposed by […]