Budget 2019 Highlights: 9 Key Takeaways From Piyush Goyal's Pandora Box
Budget 2019 Highlights: 9 Key Takeaways From Piyush Goyal's Pandora Box. In its final Budget before Lok Sabha Elections 2019, the Narendra Modi government announced various sops like basic income for farmers and relief in tax for middle class groups.
Budget 2019: Tax Collection Doubles in 4 Years, Up From Rs 6.38 Lakh Crore in 2013–14 to Nearly Rs 12 Lakh Crore in 2017–18
In his address, Goyal said the number of returns filed have surged from 3.79 crore to 6.85 Crore. In the interim budget, the Government reduced tax rates, more for the common man and middle class, and made the interface with the tax department much simpler and largely faceless.
New Tax Slabs After Budget 2019: If Your Income Is Rs 5 Lakh, 7.5 Lakh or 10 Lakh, Here's The Amount You'll Have to Pay
The new tax slabs, however, will be implemented from the next fiscal, as the government is barred from introducing the policy change in this Interim Budget -- presented days before the general elections.