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26 Apr 2019·
News Flash
BCCI Announces Teams for Women’s T20 Challenge, Odia Girl Sushree Dibyadarshini Included in Mithali Raj’s Velocity Team * Nirav Modi's Bail Plea Rejected by London Court Again * Odisha Elections 2019: Two Polling Officials Suspended for Dereliction of Duty * Congress Demands Fresh Polling for Tripura West Lok Sabha Seat Alleging Large Scale Rigging by BJP * You Are Visiting Odisha Only for Votes: Naveen to Central Leaders * Tribunal Stays EC Suspension of Karnataka IAS Officer Who Checked PM Modi's Chopper in Sambalpur * Naveen Pays Tribute to Krushna Chandra Gajapati on Birth Anniversary * Why Modi Desperately Needed Akshay Kumar for Image Building? * WI Announces 15-Member World Cup Team, Chris Gayle to Play His 5th WC * Hockey India Names 60 Players For The Senior Women’s National Coaching Camp * Pools and Match Schedules for FIH Series Finals in Bhubaneswar and Hiroshima Confirmed * BJD Demands Action against BJP for Electoral Violence * Jay Panda Using Politics as Platform to Boost His Business: BJD * Who Helped BJP MLA Candidate Om Prakash Mishra to Flee from Odisha, Asks BJD * Look Out Circular Issued against BJP MLA Candidate Om Prakash Mishra * No Priyanka Gandhi, Cong Fields Ajay Rai Against Modi * Odisha Will Play Major Role in Formation of Next Government at Centre: Naveen * Odisha Elections 2019: Re-polling Underway at Nine Booths * World Malaria Day: Odisha CM Pledges to Eliminate Mosquito-Borne Disease Completely * Undercurrent in Favour of Naveen Will Help BJD Win Jajpur Again * Cancel Baijayant’s Candidature: BJD to Chief Electoral Officer * World's First Malaria Vaccine Launched in Africa * Odisha Registers 71.61% Voter Turnout in Third Phase Polls * Pradeep Maharathy’s Bail Hearing Of bail Deferred To April 27 * People of Kendrapada Will Not Allow ‘Double-B’ to Cheat Them: BJD

Economy

Union Budget 2019: No Tax Upto Rs 5 Lakh Income

Union Budget 2019: No Tax Upto Rs 5 Lakh Income

New Delhi: In a major sop to the middle class, the interim Finance Minister Piyush Goyal today exempted up to Rs. 5 lakh from paying income tax.

With this announcement, the tax burden on the taxpayers will be reduced. Goyal said about 3 crore tax payers would stand to benefit from this.

The finance minister also raised standard deduction to Rs 5,0000.  The finance minister also said that individuals with gross income up to 6.5 lakh rupees will not need to pay any tax if they make investments in provident funds and prescribed equities.

For the benefit of the retired employees and the senior citizens, he said there would be no TDS on post office savings up to ₹40,000.


There would be no TDS on rental income up to ₹2,40,000 per year, he said.


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