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Interim Finance Bill 2019: A crisp analysis of Income Tax Provisions

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Taxable Income up to Rs. 5 lacs made tax free. Standard deduction limit raised to Rs. 50,000. Annual value of the second self occupied house to be taken as Nil. TDS limit on rent increased from Rs. 180,000 to Rs. 240,000. Capital gain exemption extended to purchase of second residential house as well.