Income Tax slabs for individuals for the financial year 2017-18
No changes have been made to existing income tax slabs. FM reduces income tax rate from 10% to 5% for Income up to 5 lakh Tax Credit of 5% of taxable income. (Maximum of Rs. 2500/-) u/s.87A up to the taxable income of Rs.3.50 lakh-. Surcharge of 10% for Tax on those whose annual income…