In Budget 2020, government introduced ‘new tax regime’ scheme where taxpayers could pay taxes at a lower rate without availing any exemptions and various deductions that were available to a tax payer.
The Finance Act 2021 has introduced two new sections in the Income Tax Act, viz., Section 206AB & Section 206CCA.
Every taxpayer registered under GST has to pay his tax liability after adjusting input tax
credit before filing the return. You can either pay online or offline.
