INSUBCONTINENT EXCLUSIVE:
Arun Jaitley said the Budget expands spending while pragmatically sticking to fiscal prudence.Finance Minister Piyush Goyal presented the
Interim Budget in parliament on Friday, the last Budget of the government before the general elections due by May
The minister proposed a full tax rebate to individual taxpayers with an annual income of up to Rs
Indian middle class."The tax exemption limit was first raised from Rs
2.5 lakhs by the NDA Government
Thereafter, without altering the slabs, people earning up to Rs
3 lakhs were exempted from payment of taxes," he said in a tweet."In a further calibrated move, those in the income bracket of Rs
3 to 5 lakhs witnessed their tax liability being halved from 10% to 5% and today this category has been completely exempted," tweeted Arun
not need to pay any tax if they make investments in provident funds and prescribed equities," Mr Goyal said while delivering his Budget
He also proposed to raise the standard deduction limit to Rs
prudence.The fiscal deficit target was revised for the current financial year at 3.4 per cent, as against the budget estimate of 3.3 per
The fiscal deficit target has been pegged at 3.4 per cent of gross domestic product (GDP) for 2019-20.Find LIVE Budget 2019, updates, latest
news, videos, key highlights, reactions, tax and policy changes here
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