Tag: New Personal Tax Regime
TDS under New Personal Tax Regime – Employer to seek information from each employee clarifies CBDT F. No.370142/06/2023-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (TPL Division) Circular No. 04 of 2023 Dated: 5th April, 2023 Sub: Clarification regarding deduction …
New Personal Tax Regime made default one. Consequence and precautions to be taken by assessee who wish to follow old tax regime from AY 2024-25. The Finance Act 2020 had introduced Personal Tax Regime under section 115BAC of the Income Tax Act, 1961 (the Act) w.e.f. Assessment year …
Excel Calculator to compare Tax under existing / old and new Personal Tax Regime u/s 115BAC for AY 2024-25 (FY 2023-24) Excel Calculator to compare Tax under existing and new Personal Tax Regime u/s 115BAC. Union Budget 2023-24 has disappointed individual taxpayers who were expecting tax benefits in …
Clarification in respect of option u/s 115BAC regarding TDS. Employee to intimate employer his intention for each previous year. CBDT Circular C1 of 2020 Circular C1 of 2020 F. No. 370142/13/2020-TPLGovernment of IndiaMinistry of Finance Department of RevenueCentral Board of Direct Taxes***** New Delhi, April 13, 2020 Clarification …
