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Showing posts with label Income Tax Slab Changes Budget 2020. Show all posts
Showing posts with label Income Tax Slab Changes Budget 2020. Show all posts

Wednesday 5 February 2020


Budget 2020 has made the tax structure more complicated by adding three income tax slabs. The removal of tax exemptions and deductions certainly makes compliance less tedious, but avid tax planners who maximised their tax deductions will probably pay more tax under the new tax regime. The budget 2020 has tried to put more money in the hands of taxpayers by curtailing the incentives to save.