The individuals can’t switch between old and new income tax regimes every year for the F.Y. 2020-21 as per the Budget 2020

Budget 2020 proposes to allow a taxpayer to choose between the existing income tax regime (availing benefits of tax exemptions and deductions) and a new tax regime (lower income tax rates with no tax exemptions and deductions) every year as per their convenience.   However, in order to be eligible to opt for the tax structure […]

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