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        Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.

        Provisions expressly mentioned in the judgment/order text.

        <h1>Finance Ministry's Interim Budget 2019-20 Offers Tax Reliefs for Middle Class, Raises Standard Deduction, and TDS Thresholds.</h1> The Interim Budget 2019-20 announced by the Finance Ministry provides significant tax reliefs for middle-class taxpayers. Individuals with an annual income up to Rs. 5 lakh will receive a full tax rebate, while those earning up to Rs. 6.5 lakh can avoid taxes through investments in specified savings. The standard deduction for salaried individuals is increased from Rs. 40,000 to Rs. 50,000. The TDS threshold on interest from deposits is raised to Rs. 40,000, and for rent, it is increased to Rs. 2.4 lakh. Additional reliefs include tax exemptions on notional rent for a second self-occupied house and extended benefits for affordable housing projects.

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