Daily O

Union Budget 2019: Why expectations on income tax, farmers and corporates are running high

Finance Minister Nirmala Sitharaman will present the Union Budget on 5 July. Here are three key sectors of prime concern. Will their expectations be met?

It is budget-eve and like everyone in the country, we are biting our nails, hoping for our pockets to be jingling more and our bank balances to look better starting tomorrow.

Here are some expectations from three key sectors that form the core of the Indian economy — individual taxpayers, agrarians and the corporates.


On the tax front, taxpayers would be looking forward to a higher tax exemption limit for individuals — from the current Rs 2.5 lakh to Rs 3 lakh of their annual suggesting its probability, soon after Arun Jaitley took charge as the Finance Minister in 2014, he had raised personal income tax exemption limit from Rs 2 lakh to Rs 2.5 lakh in his first Union Budget.

You're reading a preview, sign up to read more.

More from Daily O

Daily O4 min read
Utpal Dutt Today: How Would The Thespian Have Fared In The Age Of Netflix And Chill?
It might have been 26 years since the great Utpal Dutt passed away — yet, in addition to the scores of film afficionados that continue to rediscover him, every year, legions of new admirers join the ever-growing list of the thespian’s fans. It’s inte
Daily O3 min read
13 YO Kabhi Alvida Naa Kehna: A Progressive Film With Utterly Regressive Treatment
What does one do when one realises that their husband is cheating on them? Or their wife? After the usual succession of disbelief, heartbreak, anger, resentment and acceptance, the question that pops into the mind is if the love is over? Or better st
Daily O3 min readSociety
Batla House Movie Review: With ‘Batla House’, John Abraham Packs A Powerful Patriotic Punch!
Cast: John Abraham, Mrunal Thakur, Ravi Kishan, Abdul Quadir Amin, Manish Chaudhary UA/Hindi/146 minutes/Action-Thriller Director: Nikhil Advani Stars: 3.5 Stars So, Batla House is inspired by real-life events from 2008, when Delhi was shaken by seri