Diabytes
Income tax rates News
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The new, concessional tax regime, on the other hand, offers lower tax rates than the old tax regime.
Individuals who are undecided about which tax system to choose should review the most recent tax rates and slabs applicable under the regime.
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Speaking at a press conference after presenting her second budget, FM said income tax cuts follow a reduction in corporate tax rates in September last year and in the same manner, with or without exemptions.
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Finance Minister Arun Jaitley has introduced a number of changes that will impact the income tax you pay.
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Personal income tax rates will not be changed in the near term even as peak corporate tax rate will be cut by 5 percent over a four year period beginning 2016-17, a top finance ministry official said.
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