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Posts Tagged → Income tax slab

How to choose between the new & old Income tax regime for FY 2020-21

posted in Income tax, Uncategorized on April 15, 2020 by Abhinandan Sethia 0 Comments
Income tax regime in India

The Union budget 2020 has introduced new income tax regime in India for Individual taxpayers with reduced rates (and increased twists). We will discuss about the following in this article: What’s there in the income tax old regime and new regime? What are the conditions to avail it and who can opt it? Is it… Continue reading →

How to reduce taxes on salary

posted in Income tax on July 26, 2019 by Sanjana Rajpal 0 Comments

Introduction The salaried employees are always in a frenzy about taxes and plans out ways to save it. The allowances and perquisites received by a salaried person is either fully taxable or partly taxable or exempt. The article below illustrates different ways in which salaried class can save their taxes. 1. Standard Deduction Standard Deduction,… Continue reading →

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