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Budget 2019: No income tax on individuals with income up to Rs 5 lakh
Friday, 01 February 2019 12:58 Published in India

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New Delhi, Feb 1 (IANS) In a bonanza for the country's middle class in an election year, the government on Friday proposed tax exemption for individual annual incomes of Rs 5 lakh.

Presenting the Interim Budget 2019-20, acting Finance Minister Piyush Goyal proposed doubling the standard deduction threshold for individual annual incomes from the current Rs 2.5 lakh to Rs 5 lakh.

--IANS

bc/mr

  • Input: IANS
Last modified on Friday, 01 February 2019 13:15

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