Budget 2019: Govt hikes allocation by ₹5000 crore for rural employment scheme

Interim Budget 2019: Finance Minister Piyush Goyal may announce tax cuts ahead of Lok Sabha elections

Assured income to farmers Under Pradhan Mantri Kisan Samman Nidhi, Rs 6,000 per year for each farmer, in three installments, to be transferred directly to farmers' bank accounts, for farmers with less than 2 hectares landholding.

Also Read| Budget 2019: No tax for Rs 5 lakh income, says FM. Under the current norms, they are required to seek a refund on tax deducted on interest income beyond Rs 10,000 per annum.

Gratuity limit increased Gratuity limit hiked from Rs 10 lakh to 30 lakh for employees with service of at least five years from the next fiscal.

Middle class gets huge tax rebates Individual taxpayers having annual income up to Rs 5 lakh will get a full tax rebate. This ensures that there would be a saving of Rs 12,500 for taxpayers who earn less than Rs 5 lakh. Around 3 crore middle class taxpayers will get tax exemption due to this measure, the finance minster said.

Lakers Rumors: Lonzo Ball prefers Chicago or NY if traded
Talks are expected to heat up over the next few days as the Lakers attempt to push through a trade for Davis before the deadline. One social media user in particular created a fake Instagram comment left by Lakers star LeBron James on Davis' latest post.

Pension scheme for unorganised sector workers for monthly income up to Rs 15,000. Also, they will be exempted from additional deductions of up to Rs 2 lakh on interest on homes loans, education loans, etc.

For those, he said, whose return of income or taxable return is more than Rs 5 lakh, the old slab of tax rates will continue.

Soon after the Budget was presented in the Parliament by Piyush Goyal, PM Modi addressed media and said that the interim Budget is just a trailer of the budget which, after elections, will take India on the path to development.

"After the failed budget promise of enhanced procurement of crops through a revised Minimum Support Price (MSP) formula in 2018-19, the Interim Budget will be the last chance for the government to woo a larger section of society by altering both taxes and outlays on the schemes", said expert. The standard deduction for salaried persons raised from Rs 40,000 rupees to Rs 50,000.

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