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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.

29 Feb 2016

Budget 2016: No change in Income Tax slab

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