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Income Tax

ITR Filing 461 views 3 replies

what is declaration about income tax and goods and service tax in budget 2020

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Income tax slab rates got changed
Finance Minister: Government has changed the Income tax slabs.

Income From Rs 2.5-5 Lakh tax 5%

Income From 5-7.5 Lakh tax 10%

Income From 7.5-10 Lakh tax 15%

Income From 10-12.5 Lakh tax 20%

Income From 12.5-15 Lakh tax 25%

Income Above 15 Lakh tax 30%

It is notable that such slab rates are only optional upon satisfying certain conditions specified there in ( not claiming certain deductions).So we cannot conclude them to be 'CHANGED' slab rates


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