Tax Calculator India 2024-2025

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Union Budget, July 5th - 2019 (Govt: NDA, Finance Minister: Nirmala Sitharaman).

1) Standard tax deduction for salaried persons raised from 40,000 to 50,000.
2) Individual taxpayers with annual taxable income up to 5 lakh rupees to get the full tax rebate.
3) Exemption for interest on Loan taken for purchase of Electric vehicle (80EEB)