finance Minister Nirmala Sitharaman has announced the budget for the upcoming fiscal starting April 1, 2020. Though budget brought joy to some sections, it has not really lived up to the expectations of the common man or market investors.

Annual Financial Statement and Common man

Taxpayers will now be able to avail a lower income tax rate on various slabs by foregoing certain deductions and exemptions, Sitharman announced in the budget. The new regime will be optional and those who want to stick to claiming deductions will be allowed to do so.

What will a taxpayers' charter mean?

India Budget 2020: Will personal tax bring substantial savings?