Questions and Answers

Q: Tax rebate is available u/s 80 C under new tax slab for Assessment Year 2020-21 or not?

Ans. Yes, it is applicable for Assessment Year 2020-21 as New Tax Regime will be applicable from FY 2020-21 (AY 2021-22). 

But if an Assesssee will opt for New Tax Regime for FY 2020-21 (AY 2021-22) then Assessee is not eligible to take the benefit of Tax Rebate available u/s 80C for Assessment Year 2020-21.

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