Budget 2019: Servicemen & businessmen want increase in tax exemption

The income tax sops could include a rise in the threshold exemption limit for middle class tax payers, considered a big constituency of the BJP. The exemption threshold could go up from the present Rs. 2.5 lakh to Rs. 5 lakh per annum. The corporates have also been clamouring for reducing the peak rate from 30 to 25 per cent.
The agriculture sector is set to receive good attention from the government after the recent election defeat of the BJP in the Hindi heartland states of Madhya Pradesh, Rajasthan and Chhattisgarh on the back of stress.