Budget 2020: Income Tax Slab for the FY 2020-21

Last Updated on March 18, 2022 by WBPAY

Finance Minister Nirmala Sitharaman announced budget 2020 on 1st Feb 2020. In this budget, the key features regarding income tax described below:

Income Tax Slab for the FY 2020-21 AY 2021-22

Net Income RangeIncome Tax Rate
Upto Rs. 2,50,000Nil
Rs. 2,50,001 to 5,00,0005%
Rs. 5,00,001 to 7,50,00010%
Rs. 7,50,001 to 10,00,00015%
Rs. 10,00,001 to 12,50,00020%
Rs. 12,50,001 to 15,00,00025%
Above Rs. 15,00,00030%

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3 Comments

  1. For everybody to know that this Finance Budget 2020 has create a Normal Income Tax Slab which is published here, but it is not actual. the Tax Slab up to Rs. 2.5 Lakh is Nil , From above Rs. 2.5 Lakh to 5 Lakh Tax Rate @ 5% and above 5 lakh to 7.5 Lakh @ 10%
    here is the omitted the basic tax slab over 2.5 Lak to 5 Lak @ 5% . Please modify this .

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