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. _ ExplainedIf 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
Indirect benefits were always there, now direct benefits to middle class. #IncomeTax— Rahul Roushan (@rahulroushan) 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
Woah 😍😍 bas ab yeh sochna hai ki 5 lakh kamaye kaise jaye https://t.co/komwmShPiH— ㅤ ㅤ ㅤ ㅤ ㅤ ㅤ ㅤ ㅤㅤ ㅤ ㅤ ㅤ (@firkiii) February 1, 2019
For those who say that middle-class is not the target voter for this government. If the meta-tag of the last budget is #IncomeTax rebate, it shows that the government is damn serious about the middle class votes! #Budget2019— Manu Kaushik (@manukaushik) February 1, 2019
it took loss in 3 states to implement #incometaxshould have happenned in 2010 in UPA and 2015 in NDAnow its too little too late— #DestroyTheAadhaar غریب عوینجر (@GreySasquatch) 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
Income hi nahi bachi hai ye government ki vahjah se toh tax kahan se bharu. #incometax— santosh kolte (@Santosh_kolte89) 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.