LIVE GST Certification Course by CA Arun Chhajer begins 27th April. Register Now!!

Income Tax

Gaur Vinay (19 Points)

01 February 2020

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

Reply
Follow
Share

3 Replies

Sujitha V (111 Points)
Replied 01 February 2020

Income tax slab rates got changed

G Vijaya Kumar (Audit Assistant) (556 Points)
Replied 01 February 2020

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%

CMA M.Keerthi chandra (C.A FINAL STUDENT AND QUALIFIED C.M.A) (561 Points)
Replied 01 February 2020

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