Income Tax slabs and tax rates for FY 2020-21 (AY2021-22)under old and new rules
For FY 2020-21, Salaried individuals, who have no business income, will have to choose between the existing and new tax regimes every financial year, as per their convenience. The new income tax rates are lower compared to the old tax rate. However, anyone opting for the new tax regime will have to forego most of…