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Budget 2019 Tax relief in a crux


NAVEEN CHAND (Just keep going. You never know how far you can go.)     01 February 2019

NAVEEN CHAND
Just keep going. You never know how far you can go. 
 875 likes  12407 points

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Income Tax reliefs: 
* No tax till Rs 5 lakh income for individuals tax payers 
* Standard deduction increased to Rs 50,000 from Rs 40,000 for salaried class 

Tax exemptions on investments: 
* Individuals with gross income up to 6.5 lakh rupees will not need to pay any tax if they make investments in provident funds and prescribed equities 
* TDS threshold for home rent increased from Rs 1.8 lakh to 2.4 lakh 
 

 

 




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