Budget 2020: Huge Relief For Tax Payers Announced By Finance Minister Nirmala Sitharaman
Description
Finance Minister announces major tax reforms in Union Budget 2020. Tax rates have been slashed to 10%, 15%, 20% and 25% for incomes between 5-7.5 Lakhs, 7.5-10 Lakhs, 10-12.5 Lakhs, 12.5-15 Lakhs. Corporates have been given a big boost in this year’s budget.
Finance Minister Nirmala Sitharaman also announced 5 years tax holiday for start ups in an effort to boost growth of new businesses. Catch all the live update on Republic TV.
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