Income tax rates reduced for salaried individuals earning between Rs2.2m and Rs7m annually; 35pc slab threshold raised to Rs7m.

Those earning between Rs230,000-Rs341,000 per month likely to get some relief; maximum tax rate expected to be lowered from 35pc to 30pc.

Income tax rates reduced for salaried individuals earning between Rs2.2m and Rs7m annually; 35pc slab threshold raised to Rs7m.