How you may not have to pay tax even with Rs 9.5 Lakhs income

Yesterday, our Finance Minister Mr. Piyush Goyal presented an interim budget for 2019-20. In the budget presented by him, he proposed to grant full tax rebate on Taxable Income up to Rs. 5,00,000. It is a rebate and not an exemption.

7 benefits for Income Tax Payers in Budget 2019 | Explained with Examples

Following changes have been proposed to be implemented from FY 2019-20 for individual Tax Payer perspective.