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Will Income Tax Rates get Changed for Good?

Good news for income tax assesses:

Proposed Income Tax slab rates by Central Board of Direct Taxes to be implemented from the next Financial Year (2017-18)...

There will be 4 slabs unlike 3 at present...

Up to 4,00,000 : Nil

4,00,001 - 10,00,000 : 10%
10,00,001-15,00,000 : 15%
15,00,001-20,00,000 :20%
20,00,001 & above : 30%

It is official information, released this evening by CBDT. 

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