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income limit for pan card
As the limit for tax increased to 5 lakhs for A.Y. 2019-20, do we need to apply for pan card above ₹ 2.5 lakhs or is it 5 lakhs?
Replies (3)
Yes, you have to apply for PAN card for above 2.5L since the basic exemption limit has been not increased.
Note that benefit of 5Lakh is through Rebate and not through Basic Exemption limit
Ok
The said limit applicable from AY 20-21 (FY 19-20).
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