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Piyush Goyal, FDI Banking & Finance

Finance Minister Hails Tax-Related Proposals in Finance Bill

In the Finance Bill 2019, the Minister proposed to raise tax rebate for people having annual income up to Rs 5 lakh from Rs 2,500 to Rs 12,500, which will effectively ensure that they don't have to pay any tax. Those having income of up to Rs 8-9 lakh too can take advantage of this if they invest in tax saving schemes.

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