Top Law News Govt doubles tax exemption limit to Rs 5 lakh February 1, 2019 / February 1, 2019 by Legal India Admin | Leave a Comment In a major relief to the middle-class, Finance Minister Piyush Goyal Friday proposed to double the threshold tax exemption limit to Rs 5 lakh and increased the standard deduction to Rs 50,000 from Rs 40,000. The proposal will benefit 3 crore middle-class tax payers, Goyal said while unveiling the Budget proposals for 2019-20. Doubling the […] Read more » Rs.5 lakh tax exemption limit tax exemption limit to Rs 5 lakh
