10 changes in income tax rules this year3 min read . Updated: 24 Dec 2018, 09:14 AM IST
Important changes in income tax rules that you need to be aware of
From long-term capital gains tax on equity investments to higher interest income exemption for senior citizens to introduction of dividend distribution tax on dividend received from equity mutual funds, this year saw many changes in income tax rules. Many of these were introduced as part of Budget 2018-19. This year also saw the introduction of standard deduction for salaried employees. Senior citizens were also allowed higher deduction on health insurance premiums.
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