Feb 1

Interim Budget 2019

  1. Section 87A Relief limit raised from 3,50,000 to 5,00,000 and the rebate amount has been increased from 2500 to 12500

  2. Tax Slabs remain the same

  3. Standard deduction for salaried employees has been raised from 40,000 to 50,000

  4. An Assessee is now allowed to have 2 houses under self occupied property and if he has a 3rd SOP then that 3rd property will be charged under deemed let out property that is notional rent income




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