Page 8 - Budget_2020

Union Budget 2020
Note:

 For Individuals and HUFs having no business income, the option needs to be exercised every year
 In other cases,
o Option once exercised shall remain valid for the previous year and subsequent years
o Option can be withdrawn only once in a lifetime, however, assessee shall never be eligible thereafter to exercise the
concessional rate, except where it ceases to have business income
o Provisions of AMT shall not be applicable

Direct Taxes Collections [₹ in crores] Indirect Taxes Collections [₹ in crores]

1,600,000 1,200,000
1,400,000 1,000,000
1,200,000
800,000
1,000,000
800,000 600,000
600,000 400,000
400,000
200,000
200,000
0 0
2005 - 06 2006 - 07 2007 - 08 2008 - 09 2009 - 10 2010 - 11 2011 - 12 2012 - 13 2013 - 14 2014 - 15 2015 - 16 2016 - 17 2017 - 18 2018 - 19 2019 - 20 2020 - 21 2005 - 06 2006 - 07 2007 - 08 2008 - 09 2009 - 10 2010 - 11 2011 - 12 2012 - 13 2013 - 14 2014 - 15 2015 - 16 2016 - 17 2017 - 18 2018 - 19 2019 - 20 2020 - 21

Budgeted Actuals Budgeted Actuals

Source: Budget Documents

6