“Great Expectations from Interim Budget 2019”
Union Finance Minister Piyush Goyal declared in the budget discourse in Parliament today that full salary tax refund will be given for people yearly income up to Rs. 5 lakhs for the budgetary year 2019-2020. People with payable earnings of Rs.5 lakh every year will get the full tax refund, the minister said. This is evaluated to profit about Rs. 3 Crores working class taxpayers. People having gross salary up to Rs. 6.5 lakhs won't have to pay any tax if they make the expenditure in providential funds and fixed equities, he said. With the advantages of the PMAY (Pradhan Mantri Awas Yojana) program, this would goad many individuals sitting on the fence of consideration about their first home. The proposition to give assess discount for income up to 5 lakhs will help in expanding the house purchaser's financial plan and can give a major lift in expanding interest for lodging," included Joe Verghese, Managing Director, Colliers International India.