The financial plan for FY 2019-20 is currently postponed. Give us a chance to see the Budget 2019 Highlights and what are the focuses that will influence us independently.
Financial plan 2019 Highlights the Main changes you should know
1. The BIG change in Individual’s Income Tax Slab Rates
Your assessment risk if your pay is up to Rs.5 lakh will swing to be ZERO. Be that as it may, there are no duty chunk changes from the Budget 2019.
2. Standard Deduction for Salaried people and retired people expanded from existing Rs.40,000 to Rs.50,000
In the most recent year spending plan, Government presented Rs.40,000 standard conclusion accessible for every single salaried individual in lieu of the present exception in regard of transport recompense and repayment of random medicinal costs.
Presently this breaking point is raised from Rs.40,000 to Rs.50,000.
3. TDS Limit on Bank FDs and Post Office Schemes raised from Rs.10,000 to Rs.40,000
Prior as far as possible on the premium you gain was Rs.10,000. Presently this farthest point is raised to Rs.40,000.