In the recent months, the government and RBI have come out with a bunch of relief measures for individuals and businesses to alleviate the financial and economic effects due to the spread of Covid-19. The relief measures include payments and time period extensions, relaxations and reduction in tax compliances amongst …

The Central Board of Direct Taxes on April 13, 2020 issued a circular directing the employees to inform his/her employer of his/her intention to opt for new tax regime for the ongoing FY 2020-21. The employer have to deduct taxes from the employees salary accordingly. The Finance Minister said in …