New, lower income tax rates are 'optional': What it means

Income Tax Slab Change Budget tax slot A new tax regime was introduced in Budget 2020 wherein the tax slabs were altered, and taxpayers were offered concessional tax rates However, taxi slot Under the new regime, tax was reduced to 10% on income between ₹5 lakh and ₹7 5 lakh per annum from 20% in the old tax regime Tax on

tax slot Amount received from partial withdrawal are tax exempt us 10 of Income Tax Act tax as per the applicable tax slab 4 What are the tax benefits on