Income Tax Budget 2020 – 21 Highlights India
Details Information about Income Tax Budget 2020 India
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Rates of Income Tax for Financial Year – 2020-21 and Assessment Year 2021-22
Resident Individual –
Net Income | AY 2020-21 |
Up to Rs. 2,50,000
|
Nil |
Rs. 2,50,000 to Rs. 5,00,000
|
5% |
Rs. 5,00,000 to Rs. 7,50,000
|
10% |
Rs. 7,50,000 to Rs. 10,00,000
|
15% |
Rs. 10,00,000 to Rs. 12,50,000
|
20% |
Rs. 12,50,000 to Rs. 15,00,000
|
25% |
Rs. 12,50,000 to Rs. 15,00,000
|
25% |
Rs. 15,00,000 to Above 30%
|
Important Income Tax Topic in India
Income Tax Budget 2020 highlights India
- What are the three types of government budgets?
- What are direct taxes and indirect taxes?
- What is fiscal policy?
- What impact does the budget have on the market and economy?
- What are the three types of government budgets?
- What impact does the budget have on the market and economy?
- What are direct taxes and indirect taxes?
- What are the three types of government budgets?