New Income Tax Slabs - Income tax Budget 2020

There have been several important developments and improvements on the 2020-2021 Union Budget.

Thanks to changes in customs and excise duties, the price of some items have gone up, while the price of others have gone down.
Let’s take at what they are:
Price goes Up
  • Cigarettes, hookah, and other tobacco products
  • Food items like cooking oil, ghee, butter, cheese, and chewing gum
  • Tableware, kitchenware
  • Imported footwear
  • Footwear parts
  • Furniture goods
  • Household electrical appliances
  • Water filters, padlocks, brooms, hand sieves, combs
  • Imported toys
  • Mobile phone chargers, power adaptors, fingerprint displays, earphones and headphones
  • Portable medical devices
Price goes Down
  • Multiple food products
  • Some electronic items
  • Electric vehicles
  • Sports goods
  • Newsprint

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