Budget 2019 income tax slab rates: No income tax for those who earn up to Rs 5 lakh annually!
Budget 2019: Under new income tax slab, people who earn less than Rs 5 lakh annually, will get full tax rebate.
- Feb 1, 2019,
- Updated Feb 1, 2019 2:31 PM IST
Finance Minister Piyush Goyal on Friday announced full tax rebate to salaried class earning up to Rs 5 lakh from the current Rs 2.5 lakh, a move which is likely to provide relief in the face of rising cost of living and inflation.
Under new income tax slab, people who earn less than Rs 5 lakh annually, will get full tax rebate.
"Individuals with gross income up to Rs 6.5 lakh will not need to pay any income tax if they make investments in provident funds and prescribed equities," FM said.
Finance Minister Piyush Goyal on Friday announced full tax rebate to salaried class earning up to Rs 5 lakh from the current Rs 2.5 lakh, a move which is likely to provide relief in the face of rising cost of living and inflation.
Under new income tax slab, people who earn less than Rs 5 lakh annually, will get full tax rebate.
"Individuals with gross income up to Rs 6.5 lakh will not need to pay any income tax if they make investments in provident funds and prescribed equities," FM said.