Clarification from Employees by Employer on New Tax Regime
There will be 2 slab rates (with an option to adopt anyone of them) for filling the ITR for the FY 2020-21.
On Monday, Department has issued a clarification saying that employer will have to obtain a declaration from their employees on whether they intend to opt for new tax regime.
However, the employee will continue to have the right between the two choices at the time of filing, during April-July 2021.
On Monday, Department has issued a clarification saying that employer will have to obtain a declaration from their employees on whether they intend to opt for new tax regime.
However, the employee will continue to have the right between the two choices at the time of filing, during April-July 2021.
Additionally, cutbacks may flag the conclusion of this business friendship, recollect that we live in a little world and how you treat employees as they leave the entryway can affect the standing of both you and the organization for quite a while to come.
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