INCOME TAX RELIEF


(Querist)
21 September 2019
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.


CA R SEETHARAMAN (Expert)


Click to Talk 21 September 2019
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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