Incentives to Individual and HUF.In line with options provided to domestic companies under the TLAA and proposed to be provided to resident co-operative societies under this Bill, it is also proposed to provide similar option to individual and HUF by insertion of section 115BAC in the Act, which provides the following:- (i) Therefore, On satisfaction of certain conditions, an individual or HUF shall, from assessment year 2021-22 on wards, have the option to pay tax in respect of the total income at following rates: NEW TAX SLAB ( NEW TAX…