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All Updates of Union Budget 2019 on GST, Income Tax & TDS

Union Budget 2019

Budget 2019 by interim FM Piyush Goyal Ji has offered some major reforms under the current Modi government. Some of the highlighted topics which might be considered under the budget decision are – the benefits to the rural sector, relief to the farmers and some sops for the middle-class population.

All Updates of Union Budget 2019 on GST, TDS & Income Tax

  • HRA discount now marked up to INR 2.40 lakh
  • Full tax rebate up to 5 lakh annual income while individual having a gross income of INR 6.5 lakh not to pay any tax in case there is the investment in the provident funds and prescribed equities as described by FM Piyush Goyal
  • Rental income raised from 1.8 lakh to 2.4 lakh rupees under TDS threshold
  • Interest on bank and post office deposits raised from 10,000 to 40,000 rupees under TDS threshold
  • Benefits being extended for one more year under Sec 80(i)BA, for complete housing projects approved till the end of 2019-2020:
  • 40,000 rupees to 50,000 rupees raised in Standard tax deduction for salaried persons

Disclaimer:- "All the information given is from credible and authentic resources and has been published after moderation. Any change in detail or information other than fact must be considered a human error. The blog we write is to provide updated information. You can raise any query on matters related to blog content. Also, note that we don’t provide any type of consultancy so we are sorry for being unable to reply to consultancy queries. Also, we do mention that our replies are solely on a practical basis and we advise you to cross verify with professional authorities for a fact check."

Published by Subodh Kumawat
Subodh has done with numerous professional degrees ranging from Human Rights to Banking along with MBA in HR Marketing. He is also interested in the field of tax-related articles and blog as per the industry based norms. Having expert knowledge in diverse sectors, he assures facts and figures along with testimony, in his articles. Working in SAG Infotech, he is a trusted author among the readers globally. View more posts
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