Income Tax Slab For Fy 2020 21 Ay 2021 22
In India, income tax is levied based on a slab system on an individual. Now, different slabs have different tax rates, where the tax rates keep increasing with the increase in the income slab. Income Tax Slab for FY 2020-21 (AY 2021-22) With every new budget, such tax slabs tend to change. Moreover, a new income tax regime was announced in Budget 2020, according to which individuals will have the option to pay taxes as per new tax slabs from FY 2020-2021 Here the taxpayers are divided into three categories:...