04/02/2019
Reduced tax burden....
Small tax payers income upto Rs. 5 Lakh, will be zero tax 👌🏻👌🏻👌🏻
Gross income upto Rs. 6.5 Lakhs (inv3stment upto 1.5 Lakh)
*Zero tax*
Salary income,
standard deduction 40,000 to 50,000
Exempt levy of notional rent tax on second house
TDS exemption limit on bank and post office income to be raised frm 10,000 to 40,000
TDS exemption on rent to be upto 2,40,000 (1,80,000 earlier)
Benefit of rollover of capital gain allowed upto 2 residential house, upto Capital gain of 2 crores, once in a lifetime
Affordable housing sec 81 benefit extended upto 31.3.2020 for Income tax deduction
Realestate sector notional unsold inventory upto 2 yrs of project completion, exempted frm Income tax
