On 1st February 2020, Finance Minister Nirmala Sitaraman introduced new budget slab, which is likely to benefit all those who earn up to 15,00,000/- INR.
Income Tax Slab 2020:
Nil : 0 to 2,50,000/-
05% : 2,50,000/- to 5,00,000/-
10% : 5,00,000/- to 7,50,000/-
15% : 7,50,000/- to 10,00,000/-
20% : 10,00,000/- to 12,50,000/-
25% : 12,50,000/- to 15,00,000/-
30% : 15,00,000/- & above
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