Sitharaman announces major income tax reliefs

In her Budget speech, FM Nirmala Sitharaman announces major tax rebates. 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 lakhs will be required to pay tax at 10 percent against current 20 percent. Here are the new tax slabs announced by the Finance Minister. Watch video.