Date: 2019-02-01 15:54:37
Acting Finance Minister Piyush Goyal has announced the first budget today and in his speech, he announced that, the taxpayers with annual income up to Rs.5 lakhs will get a full tax rebate, that means they do not have to pay any tax on the income.
Individual taxpayers having annual income upto Rs 5 lakh will get full tax rebate Individual with gross income up to Rs 6.5 lakh will not need to pay any tax if they make investments in provident funds and prescribed equities#Budget2019#BudgetForNewIndia pic.twitter.com/TBCZnm53So— Anurag jaiswal (@ajaswal20) February 1, 2019
As his speech went viral, Twitterati as always couldn't control the excitement and bombarded Twitter with funny tweets:
👉Middle Class #incometax tax rebate for individuals earning upto Rs 5 Lakh.— Sir Ravindra Jadeja . (@SirJadeja___) February 1, 2019
👉Gross income up to 6.5 lakh will not need to pay tax.
👉Tax deduction for salaried persons raised from
Rs. 40,000 to Rs. 50,000#Budget2019 #BudgetForNewIndia
Indirect benefits were always there, now direct benefits to middle class. #IncomeTax— Rahul Roushan (@rahulroushan) February 1, 2019
Basically,— Sumit Kashyap (@sumitkashyapjha) February 1, 2019
If my income is 4.9L, I pay no tax
But if My income is 6L, I pay tax on 6L-2.5L ie 3.5L
So, ideally I suppose to pay tax on 1L but I would end up paying tax on 3.5L#WaahModijiWaah#Budget2019 https://t.co/5hv6UmQ8pI
it took loss in 3 states to implement #incometax— #DestroyTheAadhaar غریب عوینجر (@GreySasquatch) February 1, 2019
should have happenned in 2010 in UPA and 2015 in NDA
now its too little too late
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