Good News: Income Tax rates slashed for Individuals

NEW DELHI, Feb 01 (Agencies): Union Budget 2020 brought smile on many Individuals as they will be paying far less taxes now.
As per details with agencies, the government has slashed the income tax rates to 10% for those earning between Rs 5 lakh to 7.5 lakh and 15% for those earning between Rs 7.5 lakh and 10 lakh.
For Income between Rs 10 lakh to 12.5 lakh, the tax rates have been slashed to 20% tax from existing is 30%.
Whereas, No income Tax till income of Rs 5 lakhs.

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