99.54% of all returns accepted without scrutiny: FM
  • WebDesk BTVI
  • Feb 01 2019

Finance Minister Piyush Goyal presenting the Interim Budget for 2019-20 in the Lok Sabha doled out tax sops to middle class including doubling of income tax exemption limit to Rs 5 lakh and raising standard deduction to Rs 50,000 and provided concessions on interest income from bank deposits and rent. He also said individuals who are earning gross income of Rs 6.5 lakh per year and have made investments in savings instruments, will be exempt from paying income tax.