In Union Budget, 2020, the Finance Minister has launched new optional income tax slab rates.
As per the conditions mentioned in new regime, some of the exemptions and deductions will not allowed. But there are some exemptions and deductions, which will continue in new tax regime. These are as under :
Tax Concept is a dedicated team of financial writers, legal analysts, and tax professionals committed to breaking down complex Indian corporate updates. From real-time GST amendments and crucial Income Tax judgements to EPFO schemes and corporate law updates, TaxConcept serves as a reliable, authoritative guide for chartered accountants, businesses, and everyday taxpayers seeking absolute compliance clarity.