How is the New s|ab on in come tax ?
upto 5 lakh-notax or
2.5 lakh-to 5 lakh rebate under 87 A as previous year
which is available
Assessee having income more than 5 lakh should he pay tax from 2.5 lakh onwards ?
Menu
New regime 2020-21
Replies (4)
In new regime income tax rates are as follows
upto Rs.2.5 lakh - no tax
From Rs2,50,001 to Rs.5,00,000 - 5%
From Rs.5,00,001 to Rs.7,50,000 - 10%
From Rs. 7,50,001 to Rs. 10,00,000 - 15%
From Rs.10,00,001 to Rs.12,50,000 - 20%
From Rs.12,50,001 to Rs. 15,00,000 - 25%
Above Rs.15,00,000 - 30%
Assessee having income more than 5 lakh should he pay tax from 2.5 lakh onwards ?
On 1st Rs2.5 lakh no tax
Thank You all
Recent Threads
- Heard & Seen Around – Your Daily Economi
- Returning to India - Residency confusion
- About CMP-08
- RCM List on GST
- Resignation of Previous Auditor
- Summary of GST Notification 18/2025 (Effective 1 N
- Heard & Seen Around – Your Daily Economi
- ITC restriction for Food manufacturing units
- Consortium Partnership: GST and TDS query
- Luxury premium car - Lease or Loan
Related Threads
CAclubindia
