Taxable Income up to Rs 5 lakh is now tax free but the income slab remains unchanged. Here's a nice explainer by Deepak Shenoy

#1

If your taxable income is up to Rs 5 lakh then you will get a full rebate. It can be a little hard to understand at the first read. Here’s how it works

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#2

You are right, because its full of gibberish

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#3

It’s just another set of good words, I would never believe that will lower taxes for so much, it should be conditions anyway. Like last person replied, it’s only a little, but when they plan to do more. We are paying incomes like we are in America or something.