InvestorQ : Has the Finance Minister altered income tax rates in Interim Budget 2019-20?
Anjali Desai made post

Has the Finance Minister altered income tax rates in Interim Budget 2019-20?

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Sadaf Khan answered.
2 years ago
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No. Finance Minister Piyush Goyal did not alter income tax rates in the Interim Budget 2019-20 presented today.

There was expectation that the FM would alter tax slabs, but that didn’t happen.

Thus, as of now, previous tax slabs continue.

The only change made, however, was the doubling of full tax rebate for incomes up to Rs 5 lakh, from the previous Rs 2.5 lakh.

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