Union Budget 2020 Live Updates: Nirmala Sitharaman lists 16-point action plan to double farmers' income

Nirmala Sitharaman: To ease allotment of PAN, new process of instantly allotting PAN through Aadhaar will be brought. 

Govt to extend date of approval of affordable housing projects: FM 

Govt proposes 100% tax concession to sovereign wealth funds on investment in infra projects 

Govt to lose Rs 40,000 crore annual revenue with new tax rates 

A person earning Rs 15 lakh per anum and not availing any deductions will now pay Rs 1.95 lakh tax in place of Rs 2.73 lakh: FM 

Tax rate of 30% on income above Rs 15 lakh will be continued: FM 

Similarly, for income between Rs 10-12.5 lakh, the tax rate is currently 30%. This has now been bought down to 20%: FM 

For income between Rs 7.5-10 lakh, the tax rate has been reduced 15%: FM 

Presently, an individual pays 20% of tax on income between Rs 5-10 lakh and 30% on income beyond Rs 10 lakh