Union Budget 2019: FM Piyush Goyal announces Rs 5 lakh tax rebate under section 87A, but it may be challenging to implement
Updated : February 02, 2019 08:52 AM IST
The salaried class, as well as pensioners, can rejoice as the government increased standard deduction to Rs 50,000 from Rs 40,000.
Those with income exceeding Rs 5 lakh will have to pay 5 percent tax on income between Rs 2.5 lakh and Rs 5 lakh.
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