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Interim Budget 2019: Check how will income tax rebate announced by Fin Min Piyush Goyal help your pocket

The new income tax provisions introduced by the government can help you save on taxes. Check the table given here to know how.

India TV Business Desk India TV Business Desk
New Delhi Updated on: February 04, 2019 15:41 IST
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Interim Budget 2019: Check how will changes in Income Tax slab help your pocket

Answering the calls of masses ahead of 2019 Lok Sabha polls, Finance Minister Piyush Goyal on Friday proposed to give full tax rebate to people with annual income up to Rs 5 lakh. In the interim budget proposed in the Parliament today, the finance minister also increased the standard deduction from Rs 40,000 to Rs 50,000 per annum.

Also read | Interim Budget 2019 | Full tax rebate for individuals upto Rs 5 lakh income per annum | Key takeaways

Following is the table of impact on individual on tax proposals (in Rs):

India Tv - Income Tax Slabs

Image Source : INDIATV

Income Tax Slabs

(With inputs from agencies)

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