As per the popular demands in the election year, the government in the Union Budget 2019 has declared complete rebate in income tax on taxable income up to Rs 5 lakh. The Budget document also explained the rebate as, “Clause...
Category: Budget 2019
Budget 2019, Daily Updates, Finance
Interim Budget 2019-20: Key highlights of FM Piyush Goyal’s Budget speech
Here are the key highlights from Finance Minister Piyush Goyal Interim Budget 2019-20: Taxes changes - No income tax for income up to Rs 6.5 lakh (Rs 5 lakh + Rs 1.5 lakh under 80C of the Income Tax Act) - Full...
Budget 2019, Daily Updates, Finance
What budget 2019 can do to reduce your tax burden?
Interim Budget 2019 could offer individual taxpayers certain benefits and tax exemptions, which will have a positive impact on personal savings, retirement benefits,financial planning and buying power. Corporate India would like to see parity and some clarity FOR INDIVIDUAL TAXPAYER 1. Revisiting...
Budget 2019, Daily Updates, Finance
Budget 2019: Govt May Double Income Tax Exemption Limit
In what may come as good news for taxpayers in the Interim Budget 2019, the government is likely to double the income tax (I-T) exemption threshold for salaried taxpayers from the present Rs 2,50,000 to Rs 5,00,000. Also, the government may reinstate...
