Budget 2019 Tax relief in a crux


© terabhaiCAbanega

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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