Budget News

Union Budget 2020 LIVE: Major Relief For Taxpayers, Tax Slabs Rejigged

Catch all live updates of Nirmala Sitharaman's second budget with BOOM's Budget Live Blog

By - A Staff Writer | 1 Feb 2020 9:58 AM IST

Live Updates - Page 2

2020-02-01 07:40 GMT

The new tax regime proposed is optional

2020-02-01 07:39 GMT

However, all of these tax rates would apply only to those who do not avail of exemptions: FM

2020-02-01 07:38 GMT

Those earning above ₹15 lakh continues at 30%: FM

2020-02-01 07:37 GMT

New reduced rate of 25% from 12.5 lakh to 15 lakh: FM

2020-02-01 07:36 GMT

New reduced rate of 20% from 10 lakh to 12.5 lakh: FM

2020-02-01 07:36 GMT

New reduced rate of 15% from 7.5 lakh to 10 lakh: FM

2020-02-01 07:35 GMT

New reduced rate of 10% from 5 lakh to 7.5 lakh: FM

2020-02-01 07:35 GMT

New income tax regime who forgo certain exemptions: FM

2020-02-01 07:28 GMT

Fiscal deficit of 3.8% of PE2019-2020 and of 3.5% for BE2020-2021: FM

2020-02-01 07:27 GMT

Budget expenditure of ₹30.24 lakh crores for FY21: FM

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