Friday, February 1, 2019

Section 87A rebate increased: no tax on income upto Rs. 5 lakh

The Finance Bill, 2019 has proposed several major changes to the Income-tax Act. It is proposed to amend section 87A to provide that individual taxpayers having taxable income upto Rs. 5 lakh will get full tax rebate and will not be required to pay any income-tax.

from taxmann.com News http://bit.ly/2sYtL9d
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