- Budget 2020 LIVE New TAX ratesUpdates from Nirmala Sitharaman announces big income tax reliefNew income tax slab for FY 2020-21:Ø If your income is less than 5 lakh rupees you don't need to pay any income tax.Ø If your income is in between ₹5-7.5 lakh you need to pay 10% income tax, previously it was about 20%.Ø If your income is in between ₹7.5 lakh to ₹10 lakh, you need to pay 15% income tax.Ø If your income is in between ₹10 lakh- 12.5 lakh you need to pay 20% income tax.Ø If your income is in between ₹12.5 lakh -15 lakh you need to pay 25% income tax.Ø For those earning above ₹15 lakh they need to pay 30% income tax.
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Budget 2020 LIVE New TAX rates
income tax
inian finance updates
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New income tax slab
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today nirmala sitaram tax rates
Updates from Nirmala Sitharaman
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