Budget 2020 highlights: key Changes for Income tax Slab 2020-21

Budget-2020-Important-Key-Highlights

On February 1st, Union Budget 2020-2021 was presented by Finance Minister Nirmala Sitharaman in Lok Sabha. To revive the economic growth after record GDP crash, Nirmala Sitharaman presented the budget which primarily focuses on increasing the purchasing power by decreasing income tax rates and improving rural income along with empowering marginalized section. The primal concern of this year’s budget centres around three pivotal ideas- Aspirational India, Economic development, A Caring Society. Here are some key highlights of Union Budget 2020-2021: Economy and Finance: A.   Taxation A new tax regime has…