Income Tax Rates for Assessment Year 2020-21 / Financial Year 2019-20

  Tax rates are not same for all type of assesses under Income Tax Act 1961. It is different for different categories of taxpayers and for different source of income. Individuals/HUFs/AOP/BOI are taxed as per the different slab rates. However, companies are taxed at fixed rate, except for certain specified incomes. This article will provide…