• Will the New Optional Tax Regime, affect Tax Savings in Larger India??
    Budget 2020 – Optional Tax Regime and Side Effects.
    Its argued that with an option to choose Tax model as per Budget 2020, Individuals may have lower incentives to save which can impact long term savings in India. It augurs well for the Govt, considering we are in relative slowdown times and look to boost consumption.

    As against the Wishlist of a few for a New TAX Savings bond, the new option does not incentivize the bonds and all the more, assesses’ are induced towards reduced taxes for no deduction overall.

    Much discussed but perhaps not so acknowledged issue of low demand metrics seems to be addressed by the new tax method as it enables citizens to choose rather than forced save for taxes.

    Changing Habits:-
    Saving habits are already changing with lifestyle changes and digital ways of living.
    As per a recent study, there is a marked reduction in Indian savings from erstwhile 36% in 2012 to just about 30% currently.
    However, the big question among all is that, whether the tax incidence on lower and lower middle class reduces overall in absolute terms? During these times of slowdown where Govt is constantly looking for more revenue sources, perhaps the idea is to move towards deductions free regime with simplified tax model which can engulf more Indians in the tax net with a specific eye on the largely let off businesses so far & the unorganized sector.

Certicom – Group of Chartered Accountants in Bangalore

Certicom Consulting is a group of Chartered Accountants & is associated with KEDIA ARPANA & CO. We are well Qualified Chartered Accountants in Bangalore.

Certicom is into Small Business Setup & Statutory Compliance including for Professionals for the past 20+ years. We have been an established and favoured company with an excellent track record for best customer satisfaction.

Our underlying philosophy is to leverage our industry experience, skills and connections to support all our clients. We are committed in understanding and documenting business processes and to provide world-class services in order to make Certicom’s work most effectively for it’s customers.

Contact our Experts Now –  Call: +91-98800 52923

What People Say About Us

kritika bansal

I have been working with Certicom Consulting ( Kedia Arpana& Co.) as they have been helping us with statutory filings… Read more “kritika bansal”

Raul Babu

Tax filings like GST, TDS & another day to day requirements are a big challenge for a small business like… Read more “Raul Babu”

Kareem Ali Baig

Certicom helped us get the lower tax deduction certificate for sale of my property and thus got the tax planning… Read more “Kareem Ali Baig”

Shiv Lal

E-filing income tax returns with Kedia Arpana & CO. since 2010, Have consulted Arpana successfully on closing many income tax… Read more “Shiv Lal”

Kapil T

I have been associated with Certicom Consulting for quite some time now and their proficiency in all their services has… Read more “Kapil T”

Ritu R

Quick. Clean. efficient process. I highly recommend for All business teams. Because most of our headaches are because of Financial… Read more “Ritu R”

Rishabh Borai

Affordable GST AND AUDITING services by Certicom professionals. Especially Arpana mam, she could make me understood about all concerns

Jeba kumar

They are the best financial consultants that I have known! Great service, good people. Everytime I have approached them, I… Read more “Jeba kumar”

Arun kumar

Arpana handles a competent team of professionals helping us in Accounting, Taxation & Business requirements for last 10+ yrs for… Read more “Arun kumar”

Arun Kumar

From the date of incorporation of my company, I am associated with this firm and extremely happy with their services… Read more “Arun Kumar”

The following two tabs change content below.
Certicom Consulting [ Kedia Arpana & Co ] is a group of Chartered Accountants in the business of Small Business Setup & Statutory Compliance including for Professionals for the past 15 years. We have been an established and popular company with an excellent track record for the best customer satisfaction.
WhatsApp chat