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Section 115BAC

Latest Articles


New Slabs of Income Tax For Assessment Year 2024-25 And 2025-26

Income Tax : Learn the key changes in income tax slabs for AY 2024-25 & 2025-26 under section 115BAC, including standard deductions and new tax...

September 22, 2024 22395 Views 0 comment Print

Comprehensive 10-Year Income Tax Rates Chart

Income Tax : Explore detailed income tax rates for individuals, HUFs, and firms over the past 10 years, including surcharges and cesses, for bo...

September 2, 2024 3702 Views 0 comment Print

Clause wise Items reportable in Tax Audit Report (Form 3CA/3CB/3CD)

Income Tax : Understand key reporting requirements for Tax Audit Reports under Sections 44AA and 44AB, including forms, clauses, and disclosure...

September 2, 2024 11853 Views 0 comment Print

FAQs on Section 80TTA and Section 80TTB deduction

Income Tax : Learn about deductions under Section 80TTA and 80TTB, including eligibility, limits, and who can claim these tax benefits....

August 23, 2024 4353 Views 0 comment Print

Budget 2024-25: Changes under Income Tax Law

Income Tax : Discover the key changes in India's Income Tax Law from the Union Budget 2024-25. Highlights include revised tax slabs, increased ...

July 24, 2024 14130 Views 0 comment Print


Latest News


Representation on Non acceptance of 115BAC cases on IT Portal

Income Tax : Rejection of ITRs specifically claiming option u/s 115BAC by filing of Form 10-IE Possibility of major bug in new IT Portal specif...

September 16, 2021 21171 Views 10 comments Print

Section 115BAC of Income-tax Act, 1961

Income Tax : New Income Tax Regime, Section – 115BAC, Income-tax Act, 1961 Tax on income of individuals and Hindu undivided family under ...

August 13, 2021 26109 Views 0 comment Print

Taxpayer opting Lower Tax Rate- Change of Income-Tax Rules

Income Tax : On 26th June, the Central Board of Direct Taxes (CBDT) has made certain changes in  Income Tax Rules vide Notification No. 38/20...

July 8, 2020 1725 Views 0 comment Print


Latest Judiciary


Form 10IE Directory Not Mandatory: ITAT Allows New Income Tax Regime benefit

Income Tax : Read the full text of the ITAT Pune order in Akshay Devendra Birari Vs DCIT regarding the allowance of benefits under the new inco...

July 18, 2024 2556 Views 0 comment Print

Section 115BBC not attracted as record of donors duly maintained

Income Tax : ITAT Patna held that as assessee duly complied with the requirement of maintaining the records of the donors in the form of their ...

May 28, 2023 2766 Views 0 comment Print


Latest Notifications


TDS deduction on Salary – Old Regime- New Regime- CBDT clarified

Income Tax : CBDT vide Circular No. 04/2023-Income Tax clarified that  Each year, employer shall seek information from each of its employees r...

April 5, 2023 29541 Views 1 comment Print

Opted new Tax Regime- Claim conveyance, travel allowance

Income Tax : Perquisites & Allowances to Taxpayer opting Lower Tax Rate Option- Section 115BAC CBDT issued Notification No. 38/2020-Income ...

June 26, 2020 12702 Views 0 comment Print

Tax Rate Option exercise by Employee for TDS on Salary & by Business

Income Tax : An employee, having income other than the income under head profit and gains of business or profession and intending to opt for th...

April 13, 2020 9306 Views 1 comment Print


Latest Posts in Section 115BAC

New Slabs of Income Tax For Assessment Year 2024-25 And 2025-26

September 22, 2024 22395 Views 0 comment Print

Learn the key changes in income tax slabs for AY 2024-25 & 2025-26 under section 115BAC, including standard deductions and new tax rates.

Comprehensive 10-Year Income Tax Rates Chart

September 2, 2024 3702 Views 0 comment Print

Explore detailed income tax rates for individuals, HUFs, and firms over the past 10 years, including surcharges and cesses, for both old and new tax regimes.

Clause wise Items reportable in Tax Audit Report (Form 3CA/3CB/3CD)

September 2, 2024 11853 Views 0 comment Print

Understand key reporting requirements for Tax Audit Reports under Sections 44AA and 44AB, including forms, clauses, and disclosures for accurate compliance.

FAQs on Section 80TTA and Section 80TTB deduction

August 23, 2024 4353 Views 0 comment Print

Learn about deductions under Section 80TTA and 80TTB, including eligibility, limits, and who can claim these tax benefits.

Budget 2024-25: Changes under Income Tax Law

July 24, 2024 14130 Views 0 comment Print

Discover the key changes in India’s Income Tax Law from the Union Budget 2024-25. Highlights include revised tax slabs, increased deductions, and simplified taxation.

Form 10IE Directory Not Mandatory: ITAT Allows New Income Tax Regime benefit

July 18, 2024 2556 Views 0 comment Print

Read the full text of the ITAT Pune order in Akshay Devendra Birari Vs DCIT regarding the allowance of benefits under the new income tax regime. Learn about Form 10IE requirements and its impact on income tax assessments.

Analysis of Section 87A and 115BAC(1A) of Income Tax Act, 1961

July 16, 2024 7662 Views 3 comments Print

Analysis of Sections 87A and 115BAC(1A) of the Income Tax Act, 1961, detailing their implications for taxpayers, including rebates and the new tax regime options.

Section 115BAC: Summarized Table of Deductions or Exemptions not available in New Tax Regime

July 9, 2024 10359 Views 0 comment Print

Discover the deductions and exemptions not available under the New Tax Regime (Section 115BAC) of the Income Tax Act, 1961, to make an informed decision.

FAQs on New vs. Old Tax Regime (AY 2024-25)

July 5, 2024 16962 Views 0 comment Print

Get answers to FAQs on the new vs. old tax regime for AY 2024-25. Learn about the differences, benefits, and how to choose the best option for you.

IT New Tax Regime Vs Old – Sec 115BAC

June 9, 2024 3699 Views 0 comment Print

Explore the changes between old and new tax regimes under Sec 115BAC, impacting deductions, exemptions, and filing options. Make informed decisions for your finances.

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