Two Sets of Income Tax Slabs introduced in the Budget 2020 – A Taxpayer has the option of choosing either new Income Tax Slab with minimum exemption or Old Tax slab with all applicable conditional income tax exemptionsTwo sets of Income Tax Rates 2020-21Income SlabNew Tax Rates if no exemption availedIncome Tax Rates of exemptions availedUp to

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Five Simple Steps to use GConnect Income Tax Relief Calculator: 1. Divide the Arrears amount you have received in the year 2017-18 in to parts and enter those in IT Relief Calculator in the relevant years in which those were actually due. This division of Arrears in to parts can be easily made by calculating the year wise total of the arrears