Key Element Of Budget 2020: Reduced Income Tax Across Slabs | Decoding Budget 2020

In her Budget speech, FM Nirmala Sitharaman announces major tax rebates. We propose to bring a personal income tax regime, where income tax rates will be reduced, so now, a person earning between Rs 5-7.5 lakhs will be required to pay tax at 10% against the current 20%. Here are the new tax slabs announced by the Finance Minister: For income up to Rs 5 lakh: No tax Rs 5-7.5 lakh: 10% (reduced from previous 20%) Rs 7.5-10 lakh: 15% (reduced from previous 20%) Rs 12-15 lakh: 25% Rs 15 lakh: 30% Watch India Today for reviews and insights into today's Budget Session. #NirmalaSitharaman #UnionBudget2020 #Budget2020 #IndiaToday Watch the latest live English news and updates on India Today. #IndiaNewsLive #LatestNewsIndia #EnglishNews #IndiaTodayLive Subscribe to India Today for NEW VIDEOS EVERY DAY and make sure to enable Push Notifications so you'll never miss a new video. https://bit.ly/2RMeq9w All you need to do is PRESS THE BELL ICON next to the Subscribe button! India Today TV is India's leading English News Channel. India Today YouTube channel offers latest news videos on Politics, Business, Cricket, Bollywood, Lifestyle, Auto, Technology, Travel, Entertainment and a lot more. Stay tuned for latest updates and in-depth analysis of news from India and around the world! Download Mobile App from India’s No.1 News Video Publisher : https://indiatoday.app.link/zKoSVVDrnP Follow us: Official website: http://indiatoday.intoday.in/ Twitter: https://twitter.com/IndiaToday Facebook: https://www.facebook.com/IndiaToday