There is a good news for high income groups! Now Finance Mistry is working on giving Tax benefit to all people having income more than 10,00,000/- Now maximum tax slab will be 20% as suggested by Finance Department. Earlier individuals have to pay 30% if their income cross 10,00,000/- in a financial year but now, 10% tax benefit will be huge for them.
Earlier it was divided in 4 parts :-
1000000 And above 30%
But now high income people can get a big tax relief if everything goes according to the plan by Finance Ministry. We will be closely monitoring the situation and will update when this resolution is passed by Parliament.