In a move to give relief to the middle class, Goyal announced in the Budget 2019 that individual taxpayers will get a full tax rebate for income earned up to Rs 5 lakh.
Moneycontrol News
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Interim Finance Minister Piyush Goyal on February 1 gave some relief to the income taxpayers in the Interim Budget 2019.
In a move to give relief to the middle class, Goyal announced in the Budget 2019 that individual taxpayers will get a full tax rebate for income earned up to Rs 5 lakh. Previously, the income threshold on which rebate was given was Rs 3.5 lakh. Individuals will now get a benefit of Rs 12,500, up from Rs 2,500 earlier.
Budget 2019 effect: How you can earn tax-free Rs 10 lakh per annum
Considering the recent tax relief, here's how much income tax will you pay after Budget 2019:
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First Published on Feb 2, 2019 10:45 am
