Finance minister Piyush Goyal presented the 2019 budget in the Lok Sabha on Friday amid a lot of expectations and anticipation. However, the one thing that stood out in the budget was the announcement by Piyush Goyal that those who earn Rs 5 lakh or less will not have to pay personal Income Tax came as a delight for the middle class. ‘Uri: The Surgical Strike’ Mentioned Thrice in Budget 2019 Speech; Piyush Goyal Is Certainly ‘High On Josh’!
So much so that Twitter was flooded with memes of Piyush Goyal presenting the budget and comparing it to Rajinikanth's signature moves, MS Dhoni sixes, Shah Rukh Khan and what not. Rahul Gandhi: ‘Budget 2019 a Cruel Joke on Farmers…Voters Will Launch Surgical Strikes on Modi Govt’.
The biggest topic on discussion was the relief provided to salaried people who earn less than Rs 5 lakh per year. Check out the few hilarious memes around Budget 2019 topic below.
Apparently, even Shah Rukh Khan could not believe what happened at Budget 2019.
Piyush : Individuals earning up to Rs. 5 Lakhs will get full tax rebate.
— Tweetera🐦 (@DoctorrSays) February 1, 2019
And Piyush Goyal's decision to exempt those earning less than Rs 5 lakh as master stroke prompted fans to see him as MS Dhoni hitting the World Cup 2011 winning six at Wankhede stadium and Rahul Gandhi looking stunned!
— Krishna (@Atheist_Krishna) February 1, 2019
Virat Kohli was a happy lot too. Though he has got nothing to do with an income of Rs 5 lakh or less (as he earns 5 lakh multiplied into 100 or even more).
Income tax rebate increased upto 5 lakhs genuine salaried tax payers right now 👇👇👇 pic.twitter.com/VLkVldYgOe
— Telugu Sarcasm😎😉😂 (@TeluguSarcasm) February 1, 2019
And how could Hum Saath Saath Hain not be included in the memes category.
— Amar pal singh bhalla (@SARDARpirate) February 1, 2019
And of course! "How's the Josh?"
— D J 🎧 (@djaywalebabu) February 1, 2019
Interim Finance Minister Piyush Goyal said that there will be an increase in the Income Tax exemption limit to Rs 5 lakh per year, a move that is being discussed the most. However, the Congress called the budget as BJP's "Aakhri jumla" and the Opposition criticised the budget calling it an exercise in election campaigning.
The standard deduction has also been raised from Rs 40,000 to Rs 50,000. Currently, personal income up to Rs 2.5 lakh is exempt from income tax. Whereas income between Rs 2.5 and Rs 5 lakh invites a tax of five percent. Those earning between Rs 5 lakh and Rs 10 lakh have to pay tax at 20 percent. For those who earn above Rs 10 lakh, tax is calculated at 30 percent.