Understanding Academicians` Perceptions on Transitioning to Section 115BAC of Income Tax Act 1961

Avinash Totlani¹ , Asha Sharma²

1. Dept. of Accountancy & Business Statistics University College of Commerce & Management Studies, Mohanlal Sukhadia University Udaipur India.
2. Dept. of Accountancy & Business Statistics University College of Commerce & Management Studies, Mohanlal Sukhadia University Udaipur India.

Section:Research Paper, Product Type: Journal-Paper
Vol.10 , Issue.7 , pp.133-140, Jul-2024

Online published on Jul 31, 2024

Copyright © Avinash Totlani, Asha Sharma . This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
 

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Abstract :
The study aims to evaluate the awareness and perceptions of academicians regarding the new tax regime, Section 115BAC of the Income Tax Act 1961.The study is based on primary data collected from academicians employed in higher education institutions. This paper primarily seeks to determine the potential influence of the new tax regime on their investment choices and how this influence varies among academicians based on their gender, age, and annual income. The analytical part was performed using T-test and ANOVA. The study revealed and indicate that there is no statistically significant difference in awareness and investment choices among academicians when transitioning to the new tax regime, Section 115BAC, regardless of their gender, age, or annual income.

Key-Words / Index Term :
Income Tax, New tax regime, Academicians, Investment alternatives & Deductions

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