Income Tax Slab For AY 2021-22 for Individual
Taxpayers can choose to pay tax at lower rates as per the new regime on the condition that they forgo certain permissible exemptions and deductions available under Income Tax, or
A New Route of Tax Knowledge
ITR 2021-22
Taxpayers can choose to pay tax at lower rates as per the new regime on the condition that they forgo certain permissible exemptions and deductions available under Income Tax, or
An Individual resident is considered a Senior Citizen between the age group of 60 to 80 years, as on the last day of the previous financial year.
In the month of May 2020, Current TDS rates were revised and cut by 25%. For this, the effective dates are 14 May 2020 and it remains applicable till 31st March 2021
In the month of May 2020, Current TCS rates were revised and cut by 25%. For this, the effective dates are 14 May 2020 and it remains applicable till 31st March 2021
The taxpayer opting for concessional rates in the New Tax Regime will have to forgo certain exemptions and deductions available in the existing old tax regime.