Post tax, Rs 5 lakh income will be higher than Rs 5.16 lakh: Here's why

For the financial year 2019-20, if a person's net taxable income (i.e., income after subtracting all the deductions and tax-exemptions the person is eligible for) does not exceed Rs 5 lakh

Govt needs to clarify how TDS from salary will work in new income tax regime: Experts

Budget 2020 has proposed a new lower income tax rate regime which is optional in nature. The option of lower income tax rates (sans tax-exemptions and deductions) under the new tax regime can be exercised by an individual at the time of filing of income tax return (ITR) as per the Finance Bill, 2020.

Can you choose between existing income tax regime and new optional regime every year

Can you choose between existing income tax regime and new optional regime every year? Comments by Naveen Wadhwa