Budget 2019 has made some adjustments to Income tax for individual – the highlight being complete tax rebate for people earning below Rs 5 Lakhs. There has been no adjustments within the earnings tax slab. 1. Rebate below Section 87A modified from Rs 2,500 to Rs 12,500 or 100% of income tax (whichever is lower) for individuals with profits underneath Rs five Lakhs (from Rs 3.5 Lakhs) 2. Standard Deduction raised for Salaried & Pensioners from Rs 40,000 to Rs 50,000 3. Increased Tax for super-rich: Surcharge improved to 25% for income among 2 to five crore & to 37% for income past Rs five crores 4. Additional Tax Deduction of Rs 1.5 lakhs u/s 80EEA on domestic loans on purchase of low priced domestic five. Additional Tax Deduction of Rs 1.5 lakhs u/s 80EEB on Auto loans on buy of Electric…