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Tax rate&comparison for financial year 2020-21


Jatinder Kumar   12 January 2021

Jatinder Kumar

 4 likes  28 points

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please clarify and compare tax rate for financial year 2020-21so that an employee having gross salary 900000per year 150000 saving may get benefit

yasaswi gomes

yasaswi gomes (My grammar is 💯 good I)     12 January 2021

yasaswi gomes
My grammar is 💯 good I 
 145 likes  2474 points

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7.5- 10 lacs is 15%

https://cleartax.in/s/income-tax-slabs

I hope this helps

Kapadia Pravin

Kapadia Pravin   12 January 2021

Kapadia Pravin

 956 likes  14870 points

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This requires calculation under both scheme of taxation in order to ascertain which one is beneficial. However, once you opt from new or old, you have to continue it for future years.


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