Budget 2019: exact meaning of "zero income tax if taxable income below 5 lakh"

Common man is not completely clear about the provision of "no tax on income upto 5 lakh" which has been cleverly inserted in the Budget 2019.

The following article on ET explains how one can take maximum benefits of this provision by investing in various various tax exempted avenues:

https://economictimes.indiatimes.com/wealth/tax/want-to-reduce-your-taxable-income-to-rs-5-lakh-heres-a-list-of-all-deductions-you-can-claim/articleshow/67807044.cms

However, it does NOT include the "exemption upto 2 lakh paid as housing loan interest"

Experts may throw light.

Best regards.

Replies (1)

Yes, it can be availed if payment made for Home loan EMI.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
18 August 2026
CA Semi Qualifies

Goyanka and Associates

New Delhi

CA Inter

View Details
Company
07 August 2026
Chartered Accountant

Devesh Garg and co

New Delhi

CA

View Details
Company
27 August 2026
ACCOUNTANT

CHARUPREETI & CO

Noida

Graduate (Any)

View Details
Company
18 August 2026
Audit Assistant - Remote / Work From Home

CA ANOOP P K & ASSOCIATES

Kozhikode

CA Inter

View Details
Company
11 August 2026
COMPLIANCE EXECUTIVE

YMW COMPLIANCE SERVICES LLP

Others

CA Final

View Details
Company
28 August 2026
Audit Manager

K A R M & CO

Mumbai

CMA

View Details
Company
ARTICLESHIP 01 September 2026
Articles

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Foundation

View Details
Company
12 August 2026
Deputy Manager - Finance

RoamPrime Technologies Private Limited

Bengaluru

CA

View Details