FINANCE BILL 2020: New Income Tax Rates For Individuals|HUF for A.Y. 2021 22

Finance Bill, 2020 introduces Optional Slab Rates for Individuals/HUF under a new Section 115BAC proposed to be inserted in Income Tax Act, 1961. An Individual or HUF who opts these optional Rates will have to surrender many Exemptions and Deductions. This video is attempted to make the viewers understand the intricacies of Normal Slab Rates and Optional Slab Rates with Practical Examples.

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