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INCOME TAX RELIEF

This query is : Resolved 

FOR THE AY 20-21 WHETHER INCOME TAX SLAB HAS BEEN CHANGED ? WHETHER MORE RELIEF HAS BEEN GIVEN RIGHT FROM TODAY ? I HAVE HEARD HERE IN BOMBAY. HERE IN BOMBAY PEOPLE SAY THAT INCOME TAX RATES ONCE AGAIN HAVE BEEN REDUCED RIGHT FROM TODAY. PLEASE GIDE ME AND OBLIGE.


Rate has been reduced only for companies.
25%(including surcharge) for existing companies opt to claim not any exemptions/benefits.
17%(including surcharge) for manufacturing companies incorporated on or after 1st October 2019.
See the link for more details.
https://taxguru.in/income-tax/taxation-laws-amendment-ordinance-2019.html


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