Kumari Palany & Co

Check out new income tax slab of 2021

Posted on: 01/Feb/2020 2:56:42 PM
New simplified personal tax regime for Individual taxpayers. The revised slab can be availed if they do not claim deductions and certain exemptions.

For income :
  • Upto Rs 5,00,000 : nil
  • Rs 5,00,000 - 7,50,000 : 10%
  • Rs 7,50,000 - 10,00,000 : 15% 
  • Rs10,00,000 - Rs 12,50,000 : 20% 
  • Rs 12,50,000 - Rs 15,00,000 : 25%  
  • More than Rs 15,00,000 : 30%