The Budget 2020 has introduced a new Income Tax structure having six different slab rates. The current tax slab rates will also remain in place. This move will make tax structure more complex. If the tax payers wish to avail new structure, he/she will not be able to avail benefit of many of the deductions and exemptions available at present in old tax structure.The removal of tax exemptions and deductions certainly makes compliance less tedious, but tax planners who maximized their tax deductions will probably pay more tax under the new tax regime.
Here is everything that you need to know about
Disallowed Deductions / Exemptions under New Income Tax Regime
There are many people in Mumbai including Thane, Airoli, Borivali etc who are eagerly waiting to get the
One of the 7 holy cities for Hindus, Varanasi is a sight to behold. It is an exhausting, liberating, and
TMT means Thermo Mechanical Treatment, which is a thermomechanical process; These TMT steel bars are
In recent years, medical stores have transformed from a place where you get your medicines, to a place where
A slasher is a crop protection tractor machine, which is most helpful in slashing shrubs and bushes. Apart
Diamond earrings are one of the traditional gift choices for many people especially in the 21st century as it