“Thank you, tax payers” this is how our finance minister Piyush Goel acknowledged—It is tax payers who are running the wheels of progressing economy—in parliament today.
Major takeaways from today’s Budget:
* Pradhan Mantri Shram Yogi Mandhan: Unorganised sector workers to get Rs 3,000 post-retirement Now, even unorganised construction workers are eligible for pensions.
* Pradhan Mantri Kisan Samman Nidhi: Small farmers to get Rs 6000 direct cash transfer, first installment before polls 12 crore small farmers will come into effect from December 1, 2018, and the first instalment will be disbursed before the elections.
* Income Tax raised to up to Rs 5 lakh giving big relief for middle class Individuals with income up to Rs 5 lakh will not be required to pay any tax. But, ‘middle class’ with gross income up to Rs 6.5 lakh don’t need to pay any tax if they make investments in provident funds and other tax-saving schemes. This budget is indeed for SABKA SAATH SABKA VIKAS
Article written by Manisha Inamdar