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Budget 2019: Jaipur residents expect increase in income tax exemption
ABP News tried to find out from Jaipur residents what they expect from Modi government's interim budget.
Most of the people who were businessman expect an increase in income tax exemption. Speculation is rife that the Modi government might increase the income tax exemption from Rs 2.5 lakh currently to Rs 5 lakh. It essentially means that individuals earning up to Rs 5 lakh will no longer have to pay income tax. Currently, that limit only exempts individuals earning up to Rs 2.5 lakh.
Most of the people who were businessman expect an increase in income tax exemption. Speculation is rife that the Modi government might increase the income tax exemption from Rs 2.5 lakh currently to Rs 5 lakh. It essentially means that individuals earning up to Rs 5 lakh will no longer have to pay income tax. Currently, that limit only exempts individuals earning up to Rs 2.5 lakh.
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