Interim Finance Minister Piyush Goyal presented the interim budget for 2019 today and in an unexpected decision, announced that taxpayers with annual income up to ₹5 lakh will not be taxed anymore.
And as you expected, Twitter exploded with the news.
SALARIED TAX PAYERS. _ Explained
If your taxable income is Rs 5 lakh or less after all deductions , YOU WILL NOT PAY ANY INCOME TAX. If you income is more than Rs 5 lakh no changes. Applicable April 2019 onwards. Good move #Budget2019— Faye DSouza (@fayedsouza) February 1, 2019
Indian middle-class.
Pic 1: When #Budget2019 speech began.Pic 2: After no changes in income tax exemption slab. pic.twitter.com/8o6Lg9owEz— Rajiv K Mishra (@rajivjournalist) February 1, 2019
Piyush Goyal proved himself finisher at par with M.S.Dhoni…
Last ball pe chakka! 😂😂 #incometax #Budget2019— FuGgi (@MsFuggi) February 1, 2019
Piyush goyal – Individuals earning up to Rs. 5 Lakhs will get full tax rebate.
Middle class people – #Budget2019 pic.twitter.com/finO44XSad— Pranjul Sharma 🌞 (@Pranjultweet) February 1, 2019
Well, people seem elated. And that’s an understatement. Well played, Modiji.