Union Budget 2017: Here Are The Changes In Income Tax Rules. You Can Save Rs 12,500

Finance Minister Arun Jaitley today halved the income tax rate for persons earning between Rs 2.5 lakh and 5 lakh to 5 per cent, from the earlier rate of 10 per cent. This would reduce the tax liability of all persons below Rs 5 lakh income either to zero (with rebate) or 50 per cent of their existing liability. However, the Finance Minister said that the existing rebate of Rs 5,000 available on income up to Rs 5 lakh has been reduce...