India changes its income tax slab for people earning up to Rs 5 lakh. Here are income tax structures of China, UK, US, Brazil and Germany

Finance Minister Arun Jaitley, in his Budget 2017, announced relief for people earning income between Rs 2.5 lakh and Rs 5 lakh.

Now, 5% tax will be levied on people earning under bracket Rs 2.5 lakh-Rs 5 lakh. Presently, it is at 10%.

Also, the FM has levied a surcharge of 10% on people earning an income between Rs 50 lakh and Rs 1 crore. Also, 15% surcharge on income above Rs 1 crore will continue.

He said the growth rate in advance tax for personal income in last three quarters in current year is at historic high of 34.8% due to government’s efforts.

Also, people filing I-T returns for the first time will not come under government’s scrutiny for the first year.

India is quite different when compared to other nations such as China, UK, US, Germany and Brazil.

Here is how India differs from these nations and tax slabs in these nations