India

budget 2020
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budget 2020 / Tax can be reduced from 20% to 10% on income from 5 lakh to 10 lakh

Now when 20% tax is imposed, 10% tax is levied
Standard deduction: Rs 50 thousand Standard deduction: Rs 50 thousand
Tax on the remaining Rs 9.5 lakhs Tax on the remaining Rs 9.5 lakhs
0% up to 2.5 lakh rupees 0%
2.5 Lakhs to 5 Lakhs 5% (Rs 12,500) 2.5 Lakhs to 5 Lakhs 5% (Rs 12,500)
20% on the remaining 4.5 lakhs (Rs 90,000) 10% on the remaining 4.5 lakhs (Rs 45,000)
Total: 1 lakh 2 thousand 500 rupees Total: 57 thousand 500 rupees
4% Cess: Rs 4,100 4% Cess: Rs 2,300
Total tax liability: Rs 1 lakh 6 thousand 600 Total tax liability: Rs 59 thousand 800 Savings: Rs 46,800
80C deduction not included in tax calculation

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Coronavirus outbreak,Coronavirus News,Coronavirus in Delhi,
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Corona virus India : Ram Manohar Lohia Hospital in Delhi has 3 suspected cases of corona virus

At the same time, more than 100 people in Kerala and Maharashtra have been kept under medical supervision in view of the possibility of corona virus. Meanwhile, the Prime Minister’s Office (PMO) on Saturday reviewed India’s preparedness to deal with it amidst global concern over the growing cases of deadly corona virus in China. Union Health Minister Harsh Vardhan said that no verified cases of the disease have been reported so far but samples of seven people who have returned from China have been sent to the ICMR-NIV laboratory in Pune. Earlier, this virus was also not found in samples of four other passengers tested.

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