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Tax exemption given due to crackdown on black money? | Ghanti Bajao
Rejecting the opposition's allegations that the Interim Budget was a please-all one ahead of the Lok Sabha polls, Finance Minister Piyush Goyal on Friday said all the announcements were consistent with the government's policies and endeavours over the last five years.
"If you see the track record of this government for the last five years, we have consistently passed on the benefits to our taxpayers. You saw the income tax limit on interest increasing from Rs 1.5 lakh to Rs 2 lakh, tax exemption slab increasing from Rs 2 lakh to Rs 2.5 lakh and then further rebate up to Rs 3 lakh," Goyal told mediapersons here.
"If you see the track record of this government for the last five years, we have consistently passed on the benefits to our taxpayers. You saw the income tax limit on interest increasing from Rs 1.5 lakh to Rs 2 lakh, tax exemption slab increasing from Rs 2 lakh to Rs 2.5 lakh and then further rebate up to Rs 3 lakh," Goyal told mediapersons here.
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