Section 115Bac New Income Tax Rates Become Hard Weapon
Inserting Section 115BAC, The New Tax Rate May Become The Hard Weapon In The Hands Of The Department. The Proposal for the payment of “Alternative Tax” under the Alternative Tax Regime by virtue of newly inserted section 115BAC w.e.f. the Assessment Year 2021-22 has become little hardship to the Tax payers restricted to the Individual and HUF enlighten the six tax slabs listed hereunder in comparison to the existing three tiers Tax slabs....