Exemption limit


Student

Will the exemption limit increase this year considering it has not changed in the past 5 years?

 
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Practicing CA

considering the revenue deficit I don't think there will be much more relief in the coming budget 

 
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Practicing CA

NO change in personal tax slab rate

 
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Re 1 cess/litre on petrol, diesel; higher tax on super rich

   - Interest deduction up to Rs 3.5 lakh for affordable

     housing as against Rs 2 lakh earlier.

   - 2% tax levied on cash withdrawal over Rs 1 cr/yr.

   - FM eases angel tax norms, slashes corporate tax rate

     to 25% for nearly all companies.

   - FY20 divestment target set at Rs 1.05 lakh crore;

     allocates Rs 70,000 crore for PSU bank recapitalization.

For more indepth reports over this financial statement 2019 click https://www.dialabank.com/article.cfm/articleid/42004/union-budget-2019-live-updates-indian-budget-2019

 
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senior

 
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