Bombay HC: Wife Humiliating Husband in Front of His Friends is Amounts to Cruelty  ||  Delhi HC Interprets Doctrine of “Compelled Self-Publication”,  ||  Del. HC Issues Summons to Campus Sutra in Trademark Infringement Suit Filed by Footwear Brand Campus  ||  Bombay HC Dismisses PIL Seeking Restraining Order against PRADA  ||  Delhi HC: Cannot Bypass Bar on Revision of Interlocutory Order by Invoking Inherent Jurisdiction  ||  Delhi HC: Prosecutrix’s Refusal to Undergo Medical Examination Weakens the Case  ||  Bom. HC: No Provision under JJ Act that Allows Adoption of a Child of Foreign Citizenship  ||  SC Passes Order to Prevent Russian Mother’s Attempt to Flee with Child  ||  SC: Deprivation of Natural Heir from Will May Not Raise Suspicion  ||  SC: Denying Female Heir Right in Property Only Exacerbates Gender Division    

#Union Budget 2020-2021: Simplied Personal Income Tax Regime Introduced - (01 Feb 2020)

DIRECT TAXATION

Central Government has introduced a new simplified personal income tax regime. The same is as follows (i)Individual to pay tax 10% for income Rs. 5 to 7.5 Lakhs (down from 20%), (ii) Rs. 7.5L to 10 L: Income tax rate is 15% (down from 20%) and (iii) Rs. 10 to 12.5 L: Income tax rate is 20% (down from 30%).

Tags : UNION BUDGET   PERSONAL INCOME TAX REGIME  

Share :        

Disclaimer | Copyright 2025 - All Rights Reserved