Computation of tax

in tax for computing the taxability is this till rs 500000 tax is nt levied applicable for may 2019 or not?

Replies (6)
it is not applicable for A.Y 2019-20, It is applicable for A.Y 2020-21
I think Yes Ms Javeria...
Bcoz, It's applicable from 1st April 19 (FY 19-20).
not applicable for may 19 and Nov 19 exams, please don't study this
nooo it's not applicable for may and Nov 19 exams
Rebate to 5 lakh has nothing to do with FY 17-18 and 18-19. Even in exam old law applicable.
good clarification and information

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