Income Tax Slab 2020-21, Partnership Firms

Income Tax Slab 2020-210, FY (Assessment year 2021-22), Partnership Firms


The Union Finance Minister Nirmala Sitharaman will present Union Budget 2020 in Parliament around 11 am on February 1. . 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. Ahead of the Union Budget, an Economic Survey is presented by the Chief Economic Advisor.

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 Partnership Firms. The following details explain about Income Tax payable for Partnership Firms. The rate of Income Tax payable for Partnership Firms is given below.

Partnership Firms IT payable for the financial year 2020-21 (AY 2021-22)


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 for Partnership Firms.   The assessment year for the said Income Tax Slab is 2020-21. Would you like to comment about Income Tax payable by   Partnership Firms? Discuss your thoughts below about Income Tax payable tariff rate as per Budget 2019-2020 for Partnership Firms.


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