Budget 2020Budget 2020Budget 2020

  • FM announces health cess on import of medical equipment
  • Custom duty raised on footwear and furniture: FM
  • 'Vivad se Vishwas' scheme for direct tax payers whose appeals are pending at various forum
  • Income Tax Act to be amended to allow faceless appeals against tax orders on lines of faceless assessment: FM
  • Start-ups are engine of growth. Propose to increase turnover limit for startups from Rs 25 crores to 100 crores.
  • New Tex Slabs: 20% for income between Rs 10-12.5 lakh, 30% on income above Rs 15 lakh
  • Income SlabFY 2018-2019FY 2019-2020
  • UP TO RS 2.5 LACNO TAXNIL
  • RS 2.5 LAC - RS 5 LAC5%NIL
  • RS 5 LAC - RS 7.5 LAC20%10%
  • RS 7.5 LAC - RS 10 LAC20%15%
  • RS 12.5 LAC - RS 15 LAC30%25%
  • OVER RS 15 LAC30%30%
  • Income SlabFY 2018-2019FY 2019-2020
  • UP TO RS 3 LACNO TAXTO BE ANNOUNCED
  • RS 3 LAC - RS 5 LAC5%TO BE ANNOUNCED
  • RS 5 LAC - RS 10 LAC20%TO BE ANNOUNCED
  • OVER RS 10 LAC30%TO BE ANNOUNCED
  • Income SlabFY 2018-2019FY 2019-2020
  • UP TO RS 5 LACNO TAXTO BE ANNOUNCED
  • RS 5 LAC - RS 10 LAKH20%TO BE ANNOUNCED
  • OVER RS 10 LAKH30%TO BE ANNOUNCED

Budget

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