Hi guys, in this video we are going to talk about the new income tax rates 2020. Finance ministry tried to show that they are reducing the income tax rate slabs which will help to reduce the tax burden on the middle-class people. But when i conducted analysis and did the calculations I found out that its actually going to put pressure as this new income tax rates 2020 slab will cost extra Rs. 52500 which any individual could save under the older tax regime.
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