Budget 2019: Take income tax rebate hike with a pinch of salt, say Analysts
Amid the widespread excitement over the move to double the income tax exemption limit to Rs 5 lakh, experts have opined that the budget announcement must be taken with a "teaspoon of salt" as it has no benefit to those earning above that.
The Budget 2019 proposal will benefit 3 crore taxpayers and the government will have to forego revenue to the tune of over Rs 18,000 crore.