Currently, under the new system introduced in 2020, annual income of up to ₹ 15 lakh attracts a tax rate of between 5% and 20%, while income of more than ₹ 15 lakh is taxed at 30%. * Under the new tax ...
Union finance minister Nirmala Sitharaman is presenting her eighth consecutive budget in the Parliament. In her opening remarks, she said the government will realise the 'sab ka vikas' goal by ...