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Economy

Here's what your new income tax slabs will look like if government accepts task force's proposal

Updated : August 29, 2019 01:17 PM IST

The task force recommendations, if taken up by the government, will boost consumption and give relief to the middle income group.
According to the proposed changes in the personal income tax rates, the task force has recommended "to continue with the minimum exemption limit of Rs 2.5 lakh per annum.
It has also suggested continuing with the tax rebate announced in the interim budget for those with an income of up to Rs 5 lakh per annum.
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