Why are the new slabs in IT?The Finance Minister has announced that individuals who earn upto five lakh rupees need not pay income tax. 80 C exemptions have been untouched. That is fine. The major issue now is the bigger question: what are the new slabs?
Am afraid there is a terrific amount of confusion here. There is no clarity. Members may please clarify whether there has been any authentic announcement in this regard by the Govt of India. In any case, those who for sure, may please respond.
It will us to know the actual savings and what our tax amounts will be, for the year starting 1st April 2019.