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What Budget 2019 means for Individual Taxpayers
The main gain from Budget 2019 proposals for salaried and pensioners is a reduction in tax burden due to the proposed increase in standard deduction from earlier Rs 40,000 to Rs 50,000. The Budget 2019 also offers a rebate for all those with taxable income up to Rs 5 lakh. Tax on deemed rent from second vacant house payable by house owners has also been abolished. Shalini Jain, Partner, E&Y India, Explains
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Budget 2019: Impact on the salaried
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