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Union Budget 2019 update: No tax upto an income of Rs. 5lac

Feb 01, 2019 by ConsultEase Administrator in Income Tax Compliance

Union Budget 2019 update: No tax upto an income of Rs. 5lac:

Union budget made a big relief for middle class. The maximum exemption limit for taxpayers is increased to Rs. 5 Lac. So cheer up! now you don’t need to pay any tax upto 5 lac.Earlier this limit was Rs. 2.5 lac. If I add the benefits of section 80 into it will reach upto 10lac. Standard deduction is also increased to Rs. 50000.

Also the notional rent on other property is waived off. These benefits are appreciated by entire middle class.

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Faridabad, India

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Union Budget 2019 update: No tax upto an income of Rs. 5lac

Union Budget 2019 update: No tax upto an income of Rs. 5lac:

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I have paid interest and late fee for the month of july and august Rs.4000 and govt. subsequently waived the late fee for that period in GSTR 3B.I want Refund of Interest and late fee I have already cancelled my registration.How I can refund for the amount paid.

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Are you a consultant?Join the evergrowing family of consultants

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Join the evergrowing family of consultants