As per the Central Finance Budget 2019-20, some section of the limit of deduction enhances by this Finance Budget 2019. (1) No changes in Income Tax Slab Rate as the same just previous Financial Year. ( 2) New Standard Deduction Limit has extended up to Rs. 50,000/- (3) The Limit of Section 87A Tax Rebate also hike from 2500/- to 5000 who's taxable income less than 5 Lakh. (4) Hike the tax exemption U/s 80TTA from Rs. 1000/- to 40,000/-
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