01/02/2020
Income of Rs 5 lakhs to Rs 7.5 lakhs will have to pay 10% tax instead of existing 20 per cent.
2. Income between Rs 7.5 lakh to 10 lakh will pay taxes of 15% instead of 20%
3. 10 lakhs to 12.5 lakhs will pay 20% instead of 25%
4. 12.5 lakhs to 15 lakhs will pay 25% instead of 30%