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Tag: Income Tax Exemption Limit In 2019

Income-Tax
Budget unlikely to up Rs 2.5 lakh income tax exemption limit

New Delhi: The current basic income tax exemption limit of Rs 2.5 lakh is unlikely to be raised in the forthcoming full Budget 2019-20, according to informed sources, as the Finance Ministry has already announced a provision whereby individuals earning up to Rs 5 lakh can get full tax rebate under Section 87A. Those earning […]