Union Budget 2019: Experts make sense of what the Rs 5 lakh exemption means for you, the taxpayer
Updated : February 01, 2019 06:25 PM IST
In a major boost to the small taxpayer, the government said it will increase the exemption limit for income tax paid by individuals from the current Rs 2.5 lakh to Rs 5 lakh.
This translates to a benefit of Rs 18,500 crore to more than 3 crore taxpayers.
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