Representational Image While presenting the Union Budget 2020, Finance Minister Nirmala Sitharaman gave an earning individual two options when filing their income tax return (ITR). The first option allows you to forfeit all tax exemption benefits and get zero income tax slab on your annual income up to Rs 5 lakh or else one can remain in the old income tax slab and avail income tax exemptions under various sections on your investments.
Though, in an old regime, one would get zero income tax on income up to Rs 2.5 lakh only. So, it is a bit confusing whether an […]
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