Monday, 13 April 2020

Employees Have to Inform Employers About Intention to Opt for New Tax System: CBDT

The new income tax regime, announced in the Budget, provides an option to individuals to be taxed at lower rates if they do not avail specified exemptions and deductions like house rent allowance, interest on home loan, investments made under Section 80C, 80D and 80CCD.

from Top Business News- News18.com https://ift.tt/2RzOQ6D
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