Section 115BAC Tax on income of individuals, Hindu undivided family and others.

SUBSCRIBE FOR FULL CONTENT


The Tax Publishers [1][115BAC. Tax on income of individuals [2][, Hindu undivided family and others]. (1) Notwithstanding anything contained in this Act but subject to the provisions of this Chapter, the income-tax payable in respect of the total income of a person, being an individual or a Hindu undivided family, for any previous year relevant to the assessment year beginning on or after the [3][1st day of April, 2021 but before the 1st day of April, 2024], shall, at the option of such person, be computed at the rate of tax given in the following Table, if the conditions contained in sub-section (2) are satisfied, namely : TABLE SUBSCRIBE FOR FULL CONTENT

The Tax Publishers

[1][115BAC. Tax on income of individuals [2][, Hindu undivided family and others].

(1) Notwithstanding anything contained in this Act but subject to the provisions of this Chapter, the income-tax payable in respect of the total income of a person, being an individual or a Hindu undivided family, for any previous year relevant to the assessment year beginning on or after the [3][1st day of April, 2021 but before the 1st day of April, 2024], shall, at the option of such person, be computed at the rate of tax given in the following Table, if the conditions contained in sub-section (2) are satisfied, namely :

TABLE