Top 10 Important Points for you in 2019 Financial Year

Tax Rules changed  - 

Now its easy to have Home

With the effect of the financial year 2019-20, Its now quite easy for the Public of India. Rebate has been provided in the year Income Tax Slab. National Pension scheme (NPS) is now more Interesting. Here we have extracted top ten points for all of you to know in the upcoming financial year.

1. No Tax up to Rs. 5 lakh - In the new financial year 2019-20, You have your income in the range within 5 lakh then you are exempted to give tax.
2. No Tax on Second House - If you have two houses and second one is vacant then it will be considered as occupied by you, and no liable to pay any tax.
3. Rs. 50,000/- is the New Tax Deduction Limit - Earlier it was Rs. 40,000/-.
4. TDS range has been extended from 10,000 to 40,000. It means that you are free to earn interest from Bank, Post office.
5. GST has been lowered down so, now its easy to buy Home as 5% tax will be imposed on the under construction houses inspite of 12%.
6. If you have Physical Shares of the company then you wouldn't be able to either buy more or sell it.
7. Connect Railway Two PNR in One ticket. You can also get refund of the connecting train is passed away.
8. PF (Provident Fund) Transfer will be now Automatic. Right now, there was separate Application system for the withdrawal.
9. Composition Scheme has been now increased, now You can register in GST if you have annual trading of 1.5 Crore and above.
10. Aadhar and PAN Linking is now mandatory other wise it will be rejected for no use.

So, here are the top ten updates from the financial point of View.