Income Tax slabs for AY 2019-2020 to change? Here's how your tax liability may sum up

Budget 2019: Several reports suggest that in the last budget of its current term, Prime Minister Narendra Modi-led Union government will raise the Income Tax slab, raising the exemption limit to Rs 5 lakh from the current Rs 2.5 lakh. This will come as a huge relief to the middle class.

Income Tax slabs for AY 2019-2020 to change?
In its pre-budget memorandum to the government, the Confederation of Indian Industry (CII) has recommended raising the income tax limit. Image: Pixabay

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