New income tax rates; partial relief to middle class

Finance Minister Nirmala Sitharaman announced new income tax rates which may provide slight relief to the middle class. "We propose to bring a personal income tax regime, where income tax rates will be reduced, so now, person earning between Rs 5-7.5 lakh will be required to pay tax at 10% against current 20%. Those with income between Rs 7.5-10 lakh can pay tax more