Interim Budget 2019: Goyal puts extra cash in pockets of middle class

Finance Minister Piyush Goel has chosen to put extra money in the pockets of the middle class in an election year. In addition, he has tried to make life more convenient for deposit holders. 

Tax benefit extended 

Goyal has made changes to Section 87A of the Income Tax Act, which deals with rebates. The interim Budget proposes to increase the limit of rebate from a taxable income of Rs 3.5 lakh to Rs 5 lakh. This means that people earning up to Rs 6.5 lakh (tax benefits of Rs 1.5 lakh under Section 80C) or more, depending on the exemptions such as