To make it easier for taxpayers to determine what they must pay in taxes, additional formulas have been included in the new bill. The number of tables increased from 18 to 57. Additionally, the Bill eliminates 900 explanations and 1,200 provisos that previously made tax rules hard to understand.
The revised Bill substitutes shorter, more understandable language with longer ones. Additionally, it incorporates formulas and tables for provisions pertaining to bad debt deductions, salaries, presumptive taxation, and TDS.
