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Govt announces full tax rebate upto Rs 5 lakh income

The government has doubled the income tax exemption limit to Rs 5 lakh. Deduction on account of bank interest income increased to Rs 40,000 from Rs 10,000. TDS exemption on rent hiked to Rs 2,40,000 from Rs 1,80,000/- No tax on notional rent on the second self-occupied property. Standard deduction increased from the present Rs 40,000 to Rs 50,000

Original Clues by NC News date : 1 Feb 2019, Friday

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