BREAKING : GOVT. PROVIDES OPTIONAL INCOME TAX SLABS IN UNION BUDGET 2020

The Union Budget, 2020 provides New Income Tax Slab Rates, which are as follows :

  • Income from Rs. 5 Lakh to 7.50 Lakh : 10%
  • Income from Rs. 7.50 Lakh to Rs. 10 Lakh : 15%
  • Income from Rs. 10 Lakh to Rs. 12.50 Lakh : 20%
  • Income from Rs. 12.50 Lakh to Rs. 15 Lakh : 25%
  • Income above Rs. 15 Lakh : 30%

These new slabs shall be optional and no deductions shall be allowed, if the taxpayer has availed these slab rates.

View Budget 2020 LIVE TV Here