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Budget 2019: How The Salaried Class Will Be Impacted

Feb 01, 2019 01:53 PM IST India India

As proposed, the income tax exemption limit will be raised to Rs 5 lakh per year in the full budget that will be presented by the next government. The finance minister announced that 3 crore tax payers will benefit from the proposed revision of tax slabs. He also proposed that the Standard deduction for the salaried to be raised to Rs 50,000 from Rs 40,000