India Budget 2019 – Personal income tax implications

The interim Union Budget 2019 has made some changes which could be beneficial for small tax payers, we try to summarize the changes in simple terms, hope this helps you understand the implications to your personal income tax liability Net taxable income up to ₹ 5 Lakh would have zero tax liability There is no increase in the exemption limit for Income tax, the benefit is being given by way of rebate under sec 87A,…

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