INSUBCONTINENT EXCLUSIVE:
The government announced a few changes in income tax rules in interim budget earlier this year
allowed to salaried individuals and pensioners
annual personal income up to Rs
5 lakh; in other cases; income tax rates/slabs unchangedStandard deduction limit raised from Rs
40,000 (Budget 2018) to Rs
examples to explain the changes in income tax liability as per the proposed changes in laws:The government will announce its full-year
budget for the current financial year on July 5, farm minister Narendra Tomar said in May.
