Good news for income tax assesses:
Proposed Income Tax slab rates by Central Board of Direct Taxes to be implemented from the next Financial Year (2018-19)...
There will be 4 slabs unlike 3 at present as per proposal...
Up to 4,00,000 : Nil
4,00,001 - 10,00,000 : 10%
10,00,001-15,00,000 : 15%
15,00,001-20,00,000 :20%
20,00,001 & above : 30%
It is official information, released this evening by CBDT. Refer official CBDT website for more details.
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