This is literally the theme of the Budget 2023 specially with personal income taxes. And that is the only thing I had wishes for – simplify! Expert after expert recommended a change in 80C limits, aligning capital gains taxes, increasing tax slabs, etc. The underlying idea was fine – reduce the burden on aam junta […]
5 Tax Changes in FY 2020-21 you should know
April 1, 2020 marked the onset of a new financial year. It also brought into action the new tax changes as proposed in the Budget 2020. Let’s look at the 5 key changes that you need to be aware of as well as plan for. #1 Are you salaried? Time to make your tax slab […]
[Calculator] A case for the new income tax slabs in 2020-21
The Budget 2020 proposed a new tax slab system, which it deems to be easier, convenient and helpful to a majority of the tax filing population. As I chewed upon the notes, I realised that the new tax slabs can actually make a lot of sense to a certain section of the tax paying population. […]
