New Tax regime proposed in Union Budget 2020 introduced few more tax slabs and one can choose to move to new tax regime for FY20-21 but one has to forego exemptions. This is where it gets tricky.
The process of tax filing has already been a cumbersome process for a common man and now with two different tax regimes at hand and different exemptions available for tax saving, it becomes a tedious task
Here’s is the first step for you to analyse before going further into details of new tax regime.
A sheet created by industry expert Deepak Shenoy of capital mind to help you analyse whether to move to new tax regime or stick to old one.
Also Read : Budget 2020 :Shockers and hits
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