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The New Tax Regime is a scheme of Income tax in India first proposed in Union Budget 2020–21. [1] Subsequent Budget of FY2021-22 did not see any major announcements in this regime. [ 2 ] During the Budget 2022–23, reports emerged that New Tax Regime was getting poor response [ 3 ] and Government is considering to make it more attractive ...
The New Tax Regime was announced for individuals & HUF in Budget 2020 and became effective from financial year 2020-21. According to it, individuals can opt for reduced tax rates with no option for claiming exemptions & deductions. Currently, Indian taxpayers can choose between the old tax regime and the new tax regime. [12]
Income tax generally is computed as the product of a tax rate times taxable income. However, for individuals, tax is payable at slab rates. In the Finance Act, 2020 the Government introduced a new tax regime for individuals giving them the option to opt for the new regime or continue with the old regime. [11]
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The start and end of a new generation is sometimes vague, but these generation group names are often used for individuals born between the following years: Greatest Generation: 1901-1927 Silent ...
Elections may not be held in Syria for up to four years, the country’s de facto leader has said, in his first comments on an electoral timeline since his rebel group overthrew the Assad regime ...
This article lists forms of government and political systems, which are not mutually exclusive, and often have much overlap. [1] According to Yale professor Juan José Linz there are three main types of political systems today: democracies, totalitarian regimes and, sitting between these two, authoritarian regimes with hybrid regimes.
These new “same old Lions,” established in 2021 — who went from three regular season wins to nine. Then 12 to 15. From the rear end of anything just three Januaries ago, to maybe the front ...