The Finance Minister has given Nirmala Bumper superb gift for heavy taxpayers;
She has given the New Best Income Tax plan.
The Minister of Finance has given a bumper the best solution to personal income taxpayers. The tax burden has been reduced for more than 5 lakh income taxpayers. This will benefit those with incomes over Rs 15 lakh.
The new tax rate is as follows
For those with an income of Rs 2.5 to Rs 5 lakh, the 5 percent tax will continue. 7.5 lakh per annum income earners have to pay a 10 percent tax. He had previously told me not to pay a cent. 20 percent had to pay taxes. 7.5 to 10 lakhs. Those with income are taxed at 15 percent. 7.5 to 10 lakhs. Those who have income will have one percent. 20 percent had to pay taxes.
Super new income tax.
The super bumper costs Rs 60 lakh to Rs 80 lakh. Likewise, over 80% of those over the age of 80 are. 5 lakhs No tax has been levied so far.
Super, bumper, on the other hand, costs Rs. Taxpayers with higher incomes will have to pay a percentage of the last time. 30 percent tax payable. But for those with 15 lakh income, Rs. Nirmala Sitharaman said the budget could be saved.
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The Best Bumper Super is priced between Rs 10 to Rs 12.5 lakh. 20 percent tax on income holders and Rs 12.5 lakh to Rs 15 lakh. 25 percent tax on income and 15 percent Rs. 30 percent is taxed. 10 to 12.5 lakh in the past. 12.5 lakh to Rs 15 lakh. About 30 percent of those with income had to pay income tax.
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Yours, Rs. As of last year, no tax was levied and Rs 2.5 lakh to Rs 5 lakh. Individual taxpayers will pay Rs. 5 percent tax payable. However, if the net taxable income does not exceed Rs 5 lakh, the tax rebate was announced in February 2019 up to Rs 12,500. Thus a person has to pay zero tax if his / her taxable income does not exceed Rs 5 lakh.
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New Delhi: Union Finance Minister Nirmala Sitharaman has reduced the tax burden on personal income taxpayers. This is a huge relief for income taxpayers.
Some modifications have been made to the super bumper income taxpayer and he has made a big gift to the payroll.