Union Budget 2020-2021 : Direct
Taxes New Tax Slabs
Govt proposes alternative taxation regime to simplify I-T; keeps it optional
New Tax slab (without exemptions):No tax: 0-2.5
5% between 2.5-5 lakh
10% tax between 5-7.5 lakh
15% between 7.5-10 lakh
20% between 10 lakh-12.5 lakh
25% between 12.5-15 lakh
30% between above 15 lakh
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