what is declaration about income tax and goods and service tax in budget 2020
Menu
Income Tax
Replies (3)
Income tax slab rates got changed
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%
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%
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
Recent Threads
- Capital Gains from Cancelled Residential Project
- Import of goods data in IMS
- GSTr 9 24-25
- Change HSN
- TDS ISSUE ( DIFFERENT SECTION )
- Company strike off with loan waiver accounting iss
- Board resolution for authorization for GST
- Invoice related audit
- Gst input credit related
- Updated ITR as missed the dead line
Related Threads
CAclubindia
