Budget 2020 | New Income Tax Slabs and Rates (Tamil) (தமிழ்)

Budget 2020: FM announces new income tax slabs and rates, tweaks exemption structure.
Under the new regime, taxpayers will pay 10%, 15%, 20% and 25% for incomes between Rs 5-7.5 lakh, Rs 7.5-10 lakh, Rs 10-12.5 lakh and Rs 12.5-15 lakh, respectively. However, to avail of this scheme, which is optional, taxpayers will have to let go of exemptions.
Previously, taxpayers paid 20% for incomes between Rs 5-10 lakh and 30% for incomes between Rs 10-15 lakh.
Income below Rs 2.5 lakh will continue to remain exempt while income between Rs 2.5-5 lakh will continue to get a rebate.

[@lovelyindia3992]

Super sir

[@manikannan6765]

Good info

[@lovelyindia3992]

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