Tax Proposals ….Budget 2019 Updates…

Salary Standard Deuction Increased to Rs.50,000/- from Rs.40,000/-.

Notional Rent on self Occupied is waived

Bank/Post Office Interest limit for TDS increased from Rs.10,000/- to Rs.40,000/- . TDS also not applicable

TDS threshold on rent increased from 1.80 Lakh to Rs.2.40 lakhs

Benefit of rollover from U/s.54 increased to two houses for Capital Gain up-to Rs.2 crores. This can be availed once in life time

Sec.80IBA extended to one more year for affordable housing schemes

Period of exemption on notional rent is extended to 2 year from the date of Completion Certificate for real estate.

Tax Proposals ….Budget 2019 Updates…

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