Interim Budget 2019: No change in income tax slab; individuals with income upto Rs 5 lakh to get tax rebate, not tax exemption

The most discussed announcement in the Interim Budget 2019 has also turned out to be the most misunderstood one. Bringing cheer to the middle-class yesterday, Finance Minister Piyush Goyal announced a full tax rebate for the individuals with annual income upto Rs 5 lakh. But the announcement does not mean that the individuals in the said category will not have to pay taxes or that there is any change in income tax slabs. 

from IndiaTV: Google News Feed http://bit.ly/2D1Bbx5