Budget 2019: Watch Budget tax possibilities full debate | Neha Khanna
- 5 years ago
#MYTaxHoliday #Budget2019 #ArunJaitley
The interim budget on 1st Feb could bring cheers for taxpayers in the country. With an eye on election, FM Arun Jaitley is expected to double the income tax exemption limit to 5 lakh from existing 2.5 lakh. The govt may also announce reinstatement of tax free status for medical expenses and transport allowance. The move is expected to placate the middle class amid the possibility of backlash in the election.
The interim budget on 1st Feb could bring cheers for taxpayers in the country. With an eye on election, FM Arun Jaitley is expected to double the income tax exemption limit to 5 lakh from existing 2.5 lakh. The govt may also announce reinstatement of tax free status for medical expenses and transport allowance. The move is expected to placate the middle class amid the possibility of backlash in the election.