i) No change in exemption slab. However, the slab rate of tax between Rs.2.5 lakh and Rs. 5 lakh will be reduced from 10% to 5%.
ii) Individual /HUF/AOP/BOI/artificial juridical person having income above Rs.50 lakh will be subject to surcharge of 10% of income-tax. In case of these taxpayers (as well as other taxpayers) having income above Rs.1 crore, the current surcharge of 15% will continue. Click Here to Download File