Income Tax Slab Old Regime For FY 2021-22
In India, tax laws divide taxpayers into different groups as per their taxable income and levy income tax at different rates. These groups are called Income Tax Slabs. This type of taxation …
Old Tax Regime
Old Tax Regime
Income Tax Slab Old Regime For FY 2020-21
In India, tax laws divide taxpayers into different groups as per their taxable income and levy income tax at different rates. These groups are called Income Tax Slabs. This type of taxation …
Income Tax Slab As Per Old Tax Regime
The new tax regime does not allow the taxpayers to avail themselves of certain deductions and exemptions whereas the old tax regime provides that the taxpayers can claim deductions and exemptions which are available to them.
Old vs New: Choose between Old Tax Regime and New Tax Regime of the Income Tax Act
The new budget tries to curtail the option to save the incentives and puts more money in the hands of taxpayers. However the individual and HUF are given an option to choose between the old and new tax regime.