Besides raising the standard deduction from Rs 40,000 to Rs 50,000, the FM proposed a full rebate for individual taxpayers having total income of up to Rs 5 lakh. Currently, a rebate of Rs 2,500 was available to those having a taxable income of up to Rs 3.5 lakh.
from Times of India http://bit.ly/2WIMPpU
Friday, February 1, 2019
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