Income Tax Changes FY 2020-2021
Let’s talk about Personal Income Tax Changes for the Financial Year 2020-2021: In Today’s budget, government has announced income tax payers will be provided with 2 options from FY 2020-2021 regarding how their income tax is calculated. Under current regime, you are allowed the following commonly used deductions: 80C – 1,50,000 80CCD – 5,00,000 Medical…
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