Old Tax Regime or New Tax Regime
Webinar on Old Tax Regime or New Tax Regime- Decoding Optional Tax Slab
The IQAC in association with the Department of Accountancy organized a webinar on Old Tax Regime or New Tax Regime- Decoding optional tax slab introduced in Budget 2020 on Sunday, 26 th July 2020 by CA Sagar Jaywant, co-founder of Jayawant, Desai & Co. Mumbai. The webinar was organized for our inhouse faculty and aimed at creating awareness of the new tax slabs becoming applicable from 2020-21.
The webinar commenced with welcome and opening remarks by our Principal, Dr. Gulshan Gidwani followed by the introduction of the speaker and the rationale of the webinar.
The speaker highlighted the difference between the old and the new tax regime for salaried employees. The case study based explanation on the tax liability that may arise under different gross annual incomes enlightened the participants about the existing choices. CA Sagar Jaywant also apprised the employers’ responsibility under the new tax regime and ended his session with recommendations of thumb rules to follow that will help the employees to decide the tax regime to opt for. The webinar saw a participation of 44 inhouse teaching and non-teaching staff.