Investment limit of FPIs in corporate bonds will be increased from 9% to 15%
Live Updates and discussion on Union Budget 2020
Page no : 6
Mita Basak
(Professional)
(1921 Points)
Replied 01 February 2020
The estimated growth of GDP for 2020-21 will be 10%- FM
Mita Basak
(Professional)
(1921 Points)
Replied 01 February 2020
Fiscal Deficit of 3.5% estimated in 2020-21- FM
Mita Basak
(Professional)
(1921 Points)
Replied 01 February 2020
Lowest in the world: Corporate tax for existing companies slashed to 22% #FM
Mita Basak
(Professional)
(1921 Points)
Replied 01 February 2020
Direct Tax Proposals:
Under new regime an individual can pay tax at 10% for 5 to 7.5 lacs
For income between 7.5 lacs to 10 lacs @ 15%
For income between 10lacs to 12.5 lacs @ 20%
For income between 12.5 lacs to 15 lacs @ 25%
For income above 15 lacs @ 30%
Mita Basak
(Professional)
(1921 Points)
Replied 01 February 2020
The new tax regime shall be optional for taxpayers
Mita Basak
(Professional)
(1921 Points)
Replied 01 February 2020
Measures taken to pre-fill income tax return
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