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Tax slab
Tax slab News
Union Budget 2020
01 Feb 2020
Whats for you In Budget 2020? Watch full analysis here
Budget 2020 proposes a new tax regime that includes reductions of income tax slabs to reduce income tax rates and the total tax payable by individuals. Income between Rs 12.5 lakh and Rs 15 lakh will be taxed 25% less than the current 30%. Income above Rs 15 lakh will be subject to 30% tax.
Union Budget 2017
01 Feb 2017
No tax on individual income up to Rs 3 lakh, 2.5 lakh to 5 lakh slab to be charged at 5%
Finance Minister gave reprieve on income tax for those earning up to Rs 5 lakh.
Income tax return
16 Apr 2016
Income Tax Return for AY 2016-17: All you need to know!
It is mandatory for individuals and companies to file income tax return at the end of a financial year on the income earned in the entire year. Different forms for return of income are prescribed for filing of IT returns for different status and nature of income.
Budget 2016
29 Feb 2016
Budget 2016: No change in Income Tax slab
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