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LATEST NEWS UPDATES | Budget 2020: Income tax slabs lowered for those who forgo exemptions

Budget 2020: Income tax slabs lowered for those who forgo exemptions

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published Published on Feb 1, 2020   modified Modified on Feb 1, 2020
-The Hindu

Announcing new income tax proposals in the Union Budget 2020, Finance Minister Nirmala Sitharaman said that the new tax rates will be optional.

In a proposal to simplify the personal income tax regime, Finance Minister Nirmala Sitharaman, in the Union Budget 2020 speech, said that income tax rates will be “significantly reduced” for those who forgo reliefs and exemptions. The new tax rates will be optional, she said.

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The Hindu, 1 February, 2020, https://www.thehindu.com/business/budget/budget-2020-tax-slabs-lowered-for-those-who-forgo-exemptions/article30711412.ece?homepage=true


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