Income Tax Slabs, Tax Rates & Calculation for FY 2020-21 | Old vs New

Old & New Income Tax Slabs & Tax Rates for FY 2020-21 are compared with calculation. In Union Budget 2020, new tax slabs are proposed with lower tax rates but all exemptions and deductions will be removed.

Income Tax Calculator for FY 2020-21:


People will have option to choose between new tax structure without deductions or old tax structure with deductions like Section 80C investments, Loss from house property, HRA exemption etc.

In this video, we will see under each tax slab, how much deduction we need to claim to make the old tax slabs more attractive. We will also see what makes New Tax Slabs of FY 2020-21 more attractive.

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Budget 2020 India - Highlights:
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लोगों के पास कटौती या पुरानी कर संरचना के साथ नई कर संरचना के बीच चयन करने का विकल्प होगा जैसे कि धारा 80 सी निवेश, गृह संपत्ति से हानि, एचआरए छूट आदि।

इस वीडियो में, हम प्रत्येक टैक्स स्लैब के तहत देखेंगे कि पुराने टैक्स स्लैब को और अधिक आकर्षक बनाने के लिए हमें कितने कटौती की आवश्यकता है। हम यह भी देखेंगे कि वित्त वर्ष 2020-21 के नए टैक्स स्लैब को क्या अधिक आकर्षक बनाता है।


In this video, I have explained:

1. What are income tax slabs and rates proposed in the new tax structure?
2.Can we claim exemptions & deductions in new tax slabs?
3.What tax slab is suitable for the person who claim low deduction.
4.Which tax structure is good for someone who claim more than 2.5 lakh tax deduction. Whereas their gross income is 15 lakh or more than 15 lakh.
5.Which tax structure is good for someone who claim 1.25 lakh tax deduction. Whereas their gross income is 7.5lakh ?
6. Which tax structure is good for someone who claim 1.87 lakh tax deduction. Whereas their gross income is 10 lakh?
7. Which tax structure is good for someone who claim 2.08 lakh tax deduction. Whereas their gross income is 12.5 lakh.
8 . Difference between Debt mutual fund and Equity mutual fund.
9. If someone don’t want to claim deductions or save income. So in this case which tax structure is good Old tax Structure or new tax structure?


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