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Individual tax slashed significantly

01-Feb-20 13:07

  • 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

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Comments

Shabeeb HDR

Shabeeb HDR

01-Feb-20 13:18

Pwoliiiii

Rajesh L

Rajesh L

01-Feb-20 13:23

ð??®

jv rithwik

jv rithwik

01-Feb-20 13:28

Is this applicable for may 2020 exams?

Ramesh Patel

Ramesh Patel

01-Feb-20 14:09

???

Vajra P

Vajra P

01-Feb-20 14:12

We have to forgo all exemptions and deductions?

joel john

joel john

01-Feb-20 16:35

Nothing applicable for may 20

RAKESH PATEL

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

sakthi saravanan

sakthi saravanan

02-Feb-20 10:51

What if above 15 lakhs

Mahesh Bojja

Mahesh Bojja

02-Feb-20 11:08

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

shivani lolla

shivani lolla

03-Feb-20 11:05

This is really beneficial for middle class employees

Riya Mangla

Riya Mangla

03-Feb-20 22:40

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