02/02/2019
Only one sector has benefited by the 2019 is to Real estate.
other has only surface in there hand...
Real Facts of Interim Budget:
Income Tax will be calculated on the existing slab rates with basic exemption limit of Rs.2,50,000/- For people with annual taxable income up to Rs. 500000/- full tax will be allowed as rebate under Section 87A. Hence, for people earning more than Rs. 5 lacs per annum, there will be no change in tax and hence no benefit.
Similarly, there is no change in the limit under Section 80 TTA, which continues as Rs.10,000/-
Only the TDS limit for deposit interest from Banks and Post Offices was raised from Rs.10000/- to Rs.40,000/-
The only benefit for the salaried class is the increase in Standard deduction by Rs.10000/-.
