Personal Tax 2019

Budget 2019: No tax for income up to Rs 5 lakh; standard deduction rises to Rs 50,000

Finance Minister Piyush Goyal on Friday doled out tax sops to middle class including doubling of income tax exemption limit to Rs 5 lakh, raising standard deduction to Rs 50,000 and provided concessions on interest income from bank deposits and rent

Budget 2019: Income up to Rs 5 lakh exempt from tax, farmers to get annual cash dole of Rs 6,000

Making a strong re-election pitch, the BJP-led NDA government Friday announced the biggest income tax sops for the middle class, including a complete exemption for income up to Rs 5 lakh, and Rs 6,000 annual cash dole to poor farmers in a scheme that will cost Rs 75,000 crore per year

Budget 2019: Income tax rebate hiked for income up to Rs 5 lakh; here is how much you will save now

Finance Minister Piyush Goyal on Friday doled out tax sops to middle class including doubling of income tax exemption limit to Rs 5 lakh and raising standard deduction to Rs 50,000, and provided concessions on interest income from bank deposits and rent.

Budget 2019 is more than lip service for middle class; 100% tax rebate for those earning up to 5 lakh is substantial

Non-senior citizens have now been spared of the TDS rigor upto Rs 40,000 but without any income tax exemption upto Rs 40,000.

Budget 2019: PHD Chamber seeks cut in corporate tax, higher income tax exemption limit for individuals

PHD Chamber on Wednesday pitched for cutting corporate tax to 25 percent, and raising income tax exemption limit for individuals to Rs 3.5 lakh per annum in the forthcoming Budget

From relief in personal tax rates to simplifying GST procedure, here's a list of issues Budget 2019 should look into

With key global economies like the US going for significant rate cuts, the government may do well to bring down the corporate tax rate for all the companies, irrespective of the turnover criteria.

Budget 2019: Govt should consider increasing deduction under 80C to Rs 3 lakh or more per annum; raise limit for tax saving investments

The maximum tax rate of 30 percent triggered at an income exceeding Rs 10 lakh per annum may reasonably be enhanced to Rs 20 lakh per annum.

Firstpost Editor's Picks: Priyanka Gandhi enters politics, India's spin twins deliver, budget expectations; today's must-read stories

The timing of Priyanka Gandhi's political entry is significant. Unlike Rajiv or Sonia who had to step in after a family tragedy — for Rahul and Priyanka it was a time of their own or the family's choice.

Budget 2019: Govt should raise tax on individuals earning above Rs 50 lakh to 40%; impose levy on super rich to fund welfare schemes

The interim budget 2019 to be presented on 1 February 2019 by Finance Minister Arun Jaitley can correct this skew with some path-breaking reforms that might appear to be just reversal of the past policies.

What are the expectations of individual taxpayers on personal tax front?

On a personal front, salaried individuals will hope that the tax slab rate is modified for individual taxpayers