New tax regime of Individual tax payer; Massive cut in tax slabs | Union Budget 2020
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Watch Budget 2020 for Direct Tax
- 10% tax on income between Rs 5 lakh-7.5 lakh against 20% now
- 15% tax on income between Rs 7.5 lakh-10 lakh against 20% now
- 20% tax on income between Rs 10-12.5 lakh against 30% now
- 25% for income between Rs 12.5 -15 lakh against 30%
- 30% for income above Rs 15 lakh. Watch
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