Income Tax Slabs & Rates for FY 2020-21 (AY 2020–22)

With the introduction of Union Budget 2020, there are substantial change in the Income Tax Slabs & Rates for FY 2020-21 (AY 2021-22). However, these new income tax slabs & rates are optional. These rates will be applicable to those taxpayers who are willing to forgo all exemptions. Therefore, the applicable tax slabs & rates will be as below. (adsbygoogle =...

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