Income Tax Slab 2020-21, FY (Assessment year 2021-22), Hindu Undivided Families (HUFs)

Income Tax Slab 2020-21, FY (Assessment year  2021-22), Hindu Undivided Families (HUFs)

 

 

The Union Budget for financial year 2020-21 will be presented in the parliament by Union Finance Minister Nirmala Sitharaman on February 1. The Union Budget 2020 will be presented in parliament around 11 am on February 1. Usually the duration to present the Union Budget is 90 to 120 minutes. Till 2016, the Union Budget was presented on the last working day of February. Former finance minister Arun Jaitley changed the tradition in 2017 when he presented the Budget on February 1.

Income tax department launched e-assessment facility in October,2019. The scheme is part of the government’s efforts to reduce human discretion in the assessment and scrutiny of tax returns that in turn could help eliminate possibilities of corruption.

 

As per Indian Budget 2020-2021:

Income Tax rate slab of 2020-2021 (Assessment year 2021-22) for Hindu Undivided Families (HUFs).The following details explain about Income Tax payable by a  Hindu Undivided Families (HUFs) for the financial year 2020-21 (AY 2021-22):

The rate of Income Tax payable for  Hindu Undivided Families (HUFs).

 

Updating soon after Indian Budget 2020-21

 

Income Tax Slab rate details under Indian Budget  for the financial year 2020-21 (AY 2021-22).

The above details are about Income Tax Slab for Financial year 2020-2021.   The assessment year for the said Income Tax Slab is 2021-22 for Hindu Undivided Families (HUFs).Would you like to comment about Income Tax payable by Hindu Undivided Families (HUFs).Discuss your thoughts below about Income Tax payable tariff rate as per Budget 2020-2021 for Associations of Persons, Bodies of Individuals and Other Artificial Judicial Persons.


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