
Hon’ble Finance Minister Nirmala Sitharaman will present her second budget for the financial year 2020-21 on 1st February 2020 preceded by an economic survey on Saturday, 31st Jan. Since the budget 2020 pronouncement is round the corner we have compiled here the list of expectation being put forth for individual’s tax reliefIn the Financial Year 2020-21 the Assessment Year 2021-22 predictions are being made for:Increase in Income Tax Basic Exemption LimitsThe basic exemption limit for individuals is expected to be revised to Rs 5,00,000. In addition to this predictions areSEE DETAILS