Income Tax Old Regime Vs New Regime
After the insertion of section 115BAC in the Income Tax Act 1961(Introduced New Tax Regime) a big confusion has been started among the folks whether to opt for New Tax Regime or shall we continue with the old Tax Regime. For avoiding this genuine hardship, CBDT has released a circular C1 of 2020 dt. 13/04/2020 which gives a clarification in respect of the new section inserted.
Further, we made a more detailed analysis so that you can wisely decide with the benefits and limitations of the option to be opted. Income Tax Old Regime Vs New Regime
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