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Tax benefits for above Rs 5 lakh income group may be considered next: Goyal

As the nation is moving towards formalisation, the tax base and revenues are also increasing, says Piyush Goyal

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Piyush Goyal

Business Standard

Last Updated : Feb 02 2019 | 1:42 AM IST

Finance Minister Piyush Goyal expressed confidence that the Narendra Modi government would return to power in the upcoming general elections, and that it might look at tax relaxations for individuals earning more than Rs 5 lakh annually in the full Budget for 2019-20. Edited excerpts from Goyal’s post-Budget press conference:

You said that in the main Budget, you would further look at the income tax rate slabs.

I hope that the next government under the leadership of Prime Minister Narendra Modi will look at other tax proposals in the main Budget. That would be the job of the finance minister

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