People with income uptoRs 9.5 lakh can escape tax liability: FM

Replying to the debate on the Finance Bill in LokSabha, the Minister said he did not propose any change in the tax rate but only provided few rebates which will boost spending and help the economy.

PTI
New Delhi, Publish Date: Feb 13 2019 1:29AM | Updated Date: Feb 13 2019 1:29AM
People with income uptoRs 9.5 lakh can escape tax liability: FMFile Photo

Stressing that tax concessions have been provided with a view to help poor and middle class people living on a tight budget, Finance Minister Piyush Goyal on Tuesday said that now individuals earning up to Rs 9.5 lakh can escape liability by taking advantage of saving schemes.

Replying to the debate on the Finance Bill in LokSabha, the Minister said he did not propose any change in the tax rate but only provided few rebates which will boost spending and help the economy.

The Finance Bill, which contains tax proposals, was passed by the LokSabha with voice vote, completing the budgetary process in the lower house.  

 

x
This site uses cookies to deliver our services and to show you relevant news and ads. By using our site, you acknowledge that you have read and understand our Cookie Policy, Privacy Policy, and our Terms of Service.That's Fine