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Budget 2019: Your tax burden, this year & next

Here's what the tax slabs and the new higher surcharges on the rich and super-rich now look like, post yesterday's announcements in Budget 2019.

Jul 06, 2019, 11.20 AM IST
ThinkStock Photos
Nirmala Sitharaman presented her maiden budget yesterday. In the budget wish list of the common man, on top priority were a hike in exemption limit and change in the tax slabs. The FM, however steered clear of these and instead, proposed a higher surcharge on the rich and super-rich, higher tax break on affordable housing, among other changes.

In effect, India has more than four tax slabs for first time since 1985
*Rs 12,500 rebate for income up to Rs 5 lakh

4% health and education cess applies to all slabs

(Figures in Rs)
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