Budget 2019: Big bonanza from Modi government? Income tax exemption limit likely to be increased to Rs 5 lakh
Budget 2019: Recently held national executive of the Bharatiya Janata Party (BJP) also asked the goverment to give income tax relief up to Rs 5 lakh.
Industry body has also urged the government to spare this segment (earning upto Rs 5 lakh) and impose tax 10% tax on the income from Rs 5 to Rs 10 lakh. So far, this group has been paying 20% tax. Representational Image, source: Pixabay