Archive for February, 2020

Budget FY 2020-21 – Tax on Salary

The Union Budget for FY 2020-21 was tabled in the Parliament by the Finance Minister of India on 01-Feb-2020. Here are the key proposals related to computation of tax on salary which payroll managers need to consider for FY 2020-21, effective 01-Apr-2020. Introduction of lower tax slabs The Finance Minister has introduced Section 115BAC, which […]

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