Union Budget 2019 Highlights: Tax cut for middle class

By Xappie Desk, February 01, 2019 18:01 IST

Union Budget 2019 Highlights: Tax cut for middle class

Government's jobs data has been leaked and that showed joblessness at a 40 year high, now NITI Aayog has reacted and given a clarification of why has this happened.
 
Even those earning ₹6.5 lakh will not have to pay tax if they invest in specified savings, Mr. Goyal adds.
 
The tax slabs, however, will remain unchanged. An estimated three-crore middle-class taxpayer will be benefitted, he states.
 
TDS on fixed deposits and postal deposits will be exempted for interest earned up to Rs. 40,000 from Rs. 10,000 currently.
 
10-point for 2030.
 
- a next-gen infrastructure
 
- a Digital India
 
- a pollution-free India that drives on electric vehicles.
 
- Expansion of rural industrialisation
 
- Clean rivers and safe drinking water
 
-development of the coastline and utilisation of the blue economy
 
-placing an Indian astronaut in space
 
-Self-sufficiency in food, export of food and organic farming
 
-Healthy India, distress-free healthcare and comprehensive wellness system
 
In action against black money, as many as 338000 shell companies detected and directors disqualified.



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