what is declaration about income tax and goods and service tax in budget 2020
3 Replies
G Vijaya Kumar
(Audit Assistant)
(556 Points)
Replied 01 February 2020
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%
CMA M.Keerthi chandra
(C.A FINAL STUDENT AND QUALIFIED C.M.A)
(561 Points)
Replied 01 February 2020
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 Topics
- Avoiding tax audit in case of intraday equity loss
- Form 3CEAB
- Form 3CEAA and Form 3CEAB
- DIR 3 Web KYC
- Can i declare LTCG income as business income if I
- Stock entry in new software
- I have an EMI collection shop, what is its SAC cod
- Making payment once in quarter possible under QRMP
- Master File Documentation related
- Applicability of 44AD needs clarification
Related Threads
CAclubindia
