InvestorQ : What were the changes made to tax slabs in Union Budget 2018-19?
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What were the changes made to tax slabs in Union Budget 2018-19?

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2 years ago
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Finance Minister Arun Jaitley proposed no change to existing tax slabs in the Union Budget 2018-19.

The FM only proposed increasing the cess on personal income tax and corporation tax to 4% from the existing 3% to cater to healthcare and education needs of the weaker sections of the society such as below poverty line families and rural families.

Thus, the tax slab that was operational in 2017-18 was the effective tax slab for 2018-19 as well.

The current tax slabs for individuals in India are:

















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