Finance Minister Nirmala Sitharaman Presenting Budget 2020

The government today tweaked income tax rates and deduction to bring a marginal relief for the common man. "Those earning upto Rs 5 lakh in a year will pay no tax,"announced FM Nirmala Sitharaman in her second budget speech but added, "new income tax rates will be optional." This means the scheme is applicable for those who are ready to forego deductions and exe more