In Budget 2020, the Finance Minister has proposed new income tax slabs and lower rates. Under the new income tax regime, income tax rates are optional and are available to those who are willing to forego some exemptions and some deductions. Let’s take a look at two cases to better understand this.
Budget 2020 has delivered on most of the parameters which would enable India gear itself for the journey towards doubling its GDP to $5tn by 2025. Central theme of the budget is enhancing consumer spending & farm incomes, developing infrastructure and divestments, etc.
As always, the budget has evoked mixed responses from the general public as well as Indian stock market investors. To help you better understand certain key announcements of the budget and its potential impact I have decided to decode it in a simplified manner.
Pandemics like this do have the potential to trigger a broader correction in Indian stock markets. But, the impact if any, would be very limited, resulting in few months of volatility at the most.
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