Union Budget 2020 Reactions: What Amit Shah, Rahul Gandhi, Anand Sharma, Yogi Adityanath and Other Politicians Said
The Budget, presented by Sitharaman, has lowered income tax rate on an annual income of Rs 5-7.5 lakh. The tax rate has been reduced from 20 to 10 percent for those in this income group. For those earning between Rs 7.5 to 10 lakh, the tax rate has been reduced to 15 percent. The Rs 10-12.5 lakh tax slab will have to pay 20 percent tax, instead of the current rate of 30%.