https://www.taxtmi.com/news?id=21031 The interim budget raises the personal income tax exemption limit to Rs. 5 lakh, increases the standard deduction and TDS thresholds, and expands reinvestment relief for capital gains into two residential houses once in a lifetime. It institutes the Pradhan Mantri Kisan Samman Nidhi scheme providing annual cash transfers to cultivators owning less than two hectares, with phased implementation and explicit budgetary allocations noted to increase the fiscal deficit. en-us Fri, 01 Feb 2019 16:38:42 +0530 Fri, 01 Feb 2019 16:38:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=21031 The interim budget raises the personal income tax exemption limit to Rs. 5 lakh, increases the standard deduction and TDS thresholds, and expands reinvestment relief for capital gains into two residential houses once in a lifetime. It institutes the Pradhan Mantri Kisan Samman Nidhi scheme providing annual cash transfers to cultivators owning less than two hectares, with phased implementation and explicit budgetary allocations noted to increase the fiscal deficit. News - Fri, 01 Feb 2019 16:38:42 +0530 https://www.taxtmi.com/news?id=21031