taxpayer

Major Income Tax cut: Budget 2020

Major Income Tax cut: Budget 2020

The Finance Minister, Nirmala Sitharaman presented the Union budget of 2020-21 on 1st February 2020. The budget has proposed a new tax regime on slashing income tax rates and rejigging income tax sabs to reduce total tax payable by individuals. After slashing income tax rates for individuals the Finance minister said that the government intends…