, 4 tweets, 2 min read
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#Budget2020

Finance Minister #NirmalaSithraman announces major tax relief for individuals

➡️Income between Rs. 5-7.5 lakh - Tax rate 10%

➡️Income between Rs. 7.5-10 lakh - Tax rate 15%

➡️Income between Rs 10-12.5 lakh - Tax rate brought down to 20% from 30%

#janjankabudget
Those earning up to Rs 5 lakh in a year will pay no tax: FM
A person earning Rs 15 lakh per anum and not availing any deductions will now pay Rs 1.95 lakh tax in place of Rs 2.73 lakh: FM
Tax rate of 30% on income above Rs 15 lakh will be continued: FM
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