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Total 378 results found. Search for [ income tax slabs ]

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BusinessToday.In
New Delhi, February 1, 2020
Finance Minister Nirmala Sitharaman has introduced fresh changes in the existing income tax slabs. The new slabs have significantly reduced the taxes for most income brackets. Watch Sudhakar Sethuraman, Partner, Deloitte India, as he explains the new personal income tax regime.Also watch: Budget 2020: Why skill development is a necessity Also read: Big blow to NRIs! Modi govt to tax individuals who work in tax-free countries


Aprajita Sharma
February 1, 2020
The new tax regime, though optional, will require taxpayers to forego various tax exemptions available in the old regime. The net benefit, thus, may not be positive for all taxpayers


BusinessToday.In
New Delhi, February 1, 2020
Finance Minister Nirmala Sitharaman has announced new income tax rates during the session of Budget 2020. Those earning Rs 5-7.5 lakh would be liable to pay just 10 per cent, while those earning up to Rs 5 lakh in a year would pay no tax. The rates would be significantly reduced for those who forego reliefs, exemptions, Sitharaman said. While the government had announced changes in the tax slabs by raising income tax slabs, those availing these new slabs would not be eligible for rebates and exemptions. \"In this new personal income tax regime, income tax rates will be significantly reduced for the individuals who forgo certain exemptions and deductions,\" the FM said. Watch the video for more.Also Read: Income Tax calculation: You can save up to Rs 31,200 under new tax slabs


Sudhakar Sethuraman, Mitesh Agrawal, Kavitha Jagadeesan and Kajal Gupta
February 1, 2020
Union Budget 2020: Finance minister Nirmala Sitharaman introduced an optional personal income tax regime with the intention to simplify income-tax filing and reduce the tax burden on individual taxpayers


BusinessToday.In
February 1, 2020
\"An individual who is currently availing more deductions and exemption under the Income-tax Act may choose to avail them and continue to pay tax in the old regime,\" FM Sitharaman said


BusinessToday.In
February 1, 2020
Budget 2020: Presenting her second budget under Modi 2.0, FM Sitharaman said that PAN can now be allotted instantly on the basis of Aadhaar


BusinessToday.In
February 1, 2020
Budget 2020: 'Flowery language and high-sounding words and platitudes are meaningless,' Rajya Sabha MP Anand Sharma said


BusinessToday.In
New Delhi, February 1, 2020
Union Budget 2020: FM Sitharaman announced slew of measures to boost consumption and revive growth, including change in personal income tax rates, hike in deposit insurance coverage to Rs 5 lakh per depositor, listing of insurance behemoth LIC


BusinessToday.In
New Delhi, February 1, 2020
Budget 2020: FM Sitharaman appeared unwell towards the end and concluded the Budget speech with two pages remaining


BusinessToday.In
February 1, 2020
Budget 2020: FM Sitharaman said that around 70 of more than 100 income tax deductions and exemptions have been removced to simplify IT filing


BusinessToday.In
February 1, 2020
Budget 2020: The new income tax regime, however, will not have any exemption or deductions and will be optional


BusinessToday.In
New Delhi, February 1, 2020
Budget 2020: New income tax rates will be optional, says FM; those earning up to Rs 5 lakh in a year will pay no tax; Centre to forego Rs 40,000 crore per annum revenue from new income tax rates


BusinessToday.In
February 1, 2020
Union Budget 2020: The government has been working towards ensuring measures to stimulate consumption and strengthen the economy but the FMCG expects more from the government in terms of budgetary announcements


BusinessToday.In
New Delhi, February 1, 2020
Budget 2020: The move to restore tax benefits on R&D might come as the government is looking to boost research in drug manufacturing


BusinessToday.In
February 1, 2020
Union Budget 2020: The consumer durables industry is seeking incentives for local manufacturers, reduction in taxes on eco-friendly and energy-efficient products and waiver of customs duty on imported inputs to make components


BusinessToday.In
New Delhi, February 1, 2020
Budget 2020: The realty sector has taken a beating amid a slowdown forcing the government to announce Rs 25,000 crore of funds to help projects that are stuck


BusinessToday.In
New Delhi, February 1, 2020
Budget 2020: Better infrastructure to ensure safety of women could also be one of the measures announced by Sitharaman


BusinessToday.In
New Delhi, February 1, 2020
Budget 2020: Easy financing of electric vehicles would increase the demand for the environment-friendly vehicles


BusinessToday.In
New Delhi, February 1, 2020
Budget 2020: Power minister RK Singh said that they have discussed the new UDAY scheme and expect it to find place in the budget


BusinessToday.In
New Delhi, February 1, 2020
Budget 2020: Budget is a financial plan that takes into account estimated revenue and expenses over a certain period of time, often a year


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