Budget 2020: Tax cut for individual taxpayers


Tax cut for individual taxpayers in the Union Budget 2020 announced by Finance Minister Nirmala Sitharaman on Saturday.

  • No tax on income up to Rs 5 lakh
  • 10 % tax on income between Rs 5L -Rs 7.5 L
  • 15 % tax on income between Rs 7.5 L-Rs 10 L
  • 20 % tax on income between Rs 10 L-Rs 12.5 L
  • 25 % tax on income between Rs 12.5 L-Rs 15 L
  • 30 % tax on income above Rs 15 lakh