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Individual tax slashed significantly

01-Feb-20 13:07

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No tax for income upto 5 lakhs
Individuals earning income between 5 lakhs to 7.5 lakhs to be taxed @10%
Individuals earning income between 7.5 lakhs to 10 lakhs to be taxed @15%
Individuals earning income between 10 lakhs to 12.5 lakhs to be taxed @20%
Individuals earning income between 12.5 lakhs to 15 lakhs to be taxed @25%

*Terms and conditions apply - Exemptions /Deductions to be foregone

Enter Your Comment

Comments(11)

Riya Mangla

03-Feb-20 22:40

No it's not just go through it's depth and understand it more

shivani lolla

03-Feb-20 11:05

This is really beneficial for middle class employees

Mahesh Bojja

02-Feb-20 11:08

From 2.5 Lakhs to 5 Lakhs to be taxed @5%

sakthi saravanan

02-Feb-20 10:51

What if above 15 lakhs

RAKESH PATEL

01-Feb-20 23:14

This rates are optional and if any individual follow it then he cannot able to get certain deduction. Finally this budget is not good for individual

joel john

01-Feb-20 16:35

Nothing applicable for may 20

Vajra P

01-Feb-20 14:12

We have to forgo all exemptions and deductions?

Ramesh Patel

01-Feb-20 14:09

???

jv rithwik

01-Feb-20 13:28

Is this applicable for may 2020 exams?

Rajesh L

01-Feb-20 13:23

ð??®

Shabeeb HDR

01-Feb-20 13:18

Pwoliiiii

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Individual tax slashed significantly

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