On 1 February 2019, India's Finance Ministry presented the 2019/20 interim budget proposals in parliament. the proposed measures are mainly in relation to individual income tax and include:

• The standard individual income tax deduction is increased from INR 40,000 to INR 50,000;
• The individual tax rebate is increased to INR 12,500 for individuals with taxable income up to INR 500,000, up from a…