Budget Income Tax Budget 2019 : Income Tax rate unchanged ! ✔ PostalBlog SHARE Budget 2019 : Income Tax rate unchanged ! No cheer for taxpayers. Tax rate unchanged. Only rebate u/s 87A increased to Rs 12500. Those whose total income is more than Rs 5 Lac will have to pay same amount of tax as earlier. Standard Deduction increased to Rs 50,000. Click here for the Finance Bill 2019