Home >money >personal-finance >Union budget: Here’s a tax calculator to check out your income tax liability

Finance minister Arun Jaitley, in his budget, has reduced the personal income tax rate for the entry level tax slab to 5%, from the 10% earlier. The Union Budget 2017 aims to reduce the tax liability for those earning up to Rs5 lakh to either zero or by half. Currently, the basic exemption limit for individuals below 60 years of age is Rs2.5 lakh, Here’s a tax calculator to check out your tax liability.

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