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# section 115bac for taxpayers to pay tax lower rate

1 posts in `section 115bac for taxpayers to pay tax lower rate` tag

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Income tax from the business profession

Section 115BAC of The Income Tax Act

Individuals are able to pay income tax at a reduced rate thanks to Section 115BAC. However, anyone who choose the new tax system under Section 115BAC must forgo almost 70 tax exemptions and deductions.