For the middle class, millions of employees on the unorganized sector and farmers, the Union Finance Minister has proposed some tax breaks. People who are earning up to 5 lakhs will be exempted from the tax benefits. There will be a support income of Rs. 6000 per year for the farmers who will have possession of 5 hectares. The unorganized sector will get a Rs 3000 per month as pension.
# Tax Exemptions On Service And Investments: If you are a web consulting company in India, there are lots of boost in the budget for service. As per the budget, there will be a growth of nearly 89% or will stay the same in the next 12 months. The budgets will likely to increase to 56% with the employee strength of 200 people. Nearly 43% of IT companies stay in the same position. Continue reading Overview of The Interim Budget 2019