a:4:{i:0;s:2198:"			<div class="h1 p7px pl10px c5px"><h1>INCOME TAX NEW SLAB RATE COMPARISON</h1></div>
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			COMPARISON OF TAX PAYABLE BY INDIVIDUAL ON INCOME OF RS.20,00,000/- AS PER NEW SLAB RATE VIS-À-VIS EXISTING SLAB RATE				<br/>				<br/>INCOME SLAB	EXISTING SLAB RATE		NEW SLAB RATE U/S 115BAC	<br/>	(WITH AVAILABLE DEDUCTIONS *** )		(WITH NO DEDUCTIONS)	<br/>	Tax Rate	Tax Payable	Tax Rate	Tax Payable<br/>Nil - 2,50,000	Nil 	 Nil 	Nil	 Nil <br/>				<br/>2,50,001 - 5,00,000	5%	 12,500 	Nil	 Nil <br/>				<br/>5,00,001 - 7,50,000	20%	 50,000 	10%	 25,000 <br/>				<br/>7,50,001 - 10,00,000	20%	 50,000 	15%	 37,500 <br/>				<br/>10,00,001 - 12,50,000	30%	 75,000 	20%	 50,000 <br/>				<br/>12,50,001 - 15,00,000	30%	 75,000 	25%	 62,500 <br/>				<br/>Above 15,00,000	30%	 34,500 	30%	 150,000 <br/>				<br/>		 297,000 		 325,000 <br/>				<br/>***Assuming that Individual is having made investment of Rs.1,50,000/- U/s 80C, medical insurance of Rs.25,000/- U/s 80-D, Saving bank interest of Rs.10,000/- exempted u/s 80-TTA and paid interest on housing loan for which deduction of Rs.2,00,000/- is available u/s 24 of Act.				<br/>				<br/>Note:				<br/>In Budget 2020, new Section 115BAC is introduced to give an option to Individual or HUF to avail benefit of new slab rates subject to non availability of any deduction or exemptions or losses. As per section 115BAC, no deduction or exemption is allowed to assessee. Besides, brought forward losses and unabsorbed depreciation is also not allowed in case of obtaining benefit of section 115BAC.</div>
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			<p class="dull i"><b>Posted On : </b>01-Feb-2020</p>	
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