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Interim Budget 2019: No income tax on income of up to Rs 5 lakh a year

Standard deduction has been raised from Rs 40,000 to Rs 50,000, which will benefit 30 million salaried individuals

Topics
Income Tax  |  Budget 2019  |  Railway Budget

BS Web Team | Agencies  |  New Delhi 

Interim Budget 2019

Individuals having annual taxable income of up to Rs 5 lakh will not have to pay any income tax, said Finance Minister Piyush Goyal on Friday in his Interim speech.

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First Published: Fri, February 01 2019. 12:58 IST