Direct Tax proposal in Budget-2020 with Key HighLights
Posted: 01 Feb 2020 08:31 PM PST
Direct Tax Proposals 1. New & Simplified Taxation Regime has been introduced in the Finance Bill, 2020 for individual and HUFs with the following optional taxation rates subject to non-availment of exemption benefits – Income Bracket Tax Rate (%) Less than 5 Lakhs Exempt 5 Lakhs - 7.5 Lakhs 10% (Presently 20%) 7.5 Lakhs - 10 Lakhs 15% (Presently 20%) 10 Lakhs - 12.5 Lakhs 20%...
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