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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
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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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