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What is the most maximum non-taxable salary limit for 2020?

    • 1 messages
    December 3, 2019 7:26 AM CET

    The maximum limit of a non-taxable salary limit for a person is about at rupees 2 lakh 50 thousand. However, you'll be able to conjointly get a rebate of rupees 2,500 beneath section 87A if you've got a complete salary of but rupees 3.5 lacs for FY 2018-19. From FY 2019-20 forded, the rebate has been raised to rupees 12,500 for annual salary of but rupees 5, 00,000. So, which means a person earning but five hundred thousand won't be needed to pay any tax from FY 2019-20 forded. If you've got Tax Calculator and saving investments beneath section 80C of up to rupees 1.5 lakh then you may not pay any taxes until rupees 605 lakh.