Budget 2019 Expectations from Salary Class | Financial Coach
The government will present Interim Budget 2019 on February 1. Being the last Union Budget by the government before general elections due by May, expectations are high for relaxation in income tax rules. At a time when the government needs to balance growth with revenue collections, easing of income tax rules may be a challenging task, say experts. The finance minister had in the last Union Budget kept the income tax slabs unchanged while announcing some key changes, such as introduction of a standard deduction of Rs. 40,000 for the salaried individuals.
Tax experts say some changes are likely such as measures to address the farm distress. Here's what they say on the upcoming Interim Budget: