#TaxmannWebinar #TaxmannUpdates #IncomeTax #TaxRegime #IncomeTaxAct #OldTaxRegime #NewTaxRegime #Amendments
📋 Coverage of the Webinar:
✔️ Proposed amendments in the new personal tax regime in Section 115BAC of the Income-tax Act 1961
✔️ New deductions that can be claimed in the new tax regime
✔️ Deductions which can be claimed only in the old personal tax regime
✔️ Break-even point analysis at different levels of income to facilitate the choice between the old and new regime
✔️ Implications of declaring the new tax regime a default regime
✔️ Compliances that are required to opt for the old tax regime
✔️ Impact on the professional computing income on a presumptive basis
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📢 Speaker:
• Mayank Mohanka – Senior Partner | S.M. Mohanka & Associates
Mr Mohanka, FCA, is an SRCC Alumni and a seasoned tax practitioner with 17+ years of rich and profound experience in direct and indirect taxation. He is the founder and director of TaxAaram India Pvt Ltd.
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00:00 Introduction
07:42 New personal tax regime – Backdrop
09:01 Budget amendments in new personal tax regime
14:21 Deduction allowable in new personal tax regime
16:58 Deductions allowable only in the old personal tax regime
19:00 New tax regime to be the default regime
23:23 New vs Old Regime – Comparison between Tax Slab Rates
25:11 New vs Old Regime – Break-even point analysis
27:39 New vs Old Regime – Empirical Findings
29:04 New vs Old Regime – Tip for home loan takers
31:21 New vs Old Regime – Practical Case Studies
55:49 New vs Old Regime – IncomeTax Calculator
1:05:29 QnA Session
