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21 Apr 2019·
News Flash
Third Phase Poll in Odisha: 103 crorepatis in fray, 119 Faces Criminal Charges * Centre Getting Huge Revenues from Odisha, But Gives Nothing in Return: Naveen * Fake Video Viral Case: One More Journalist Arrested * Naveen Appoints New Office Bearers of BJD * Indian Navy Launches Guided Missile Destroyer Imphal Today * Election Commission Bans Streaming of Web Series on PM Modi * Election to Patkura Assembly Seat Likely to Be Postponed * Judiciary Under Threat: CJI Ranjan Gogoi Denies Sex Harassment Allegation * Agarwall’s Death Great Loss to Me and BJD: Naveen * Senior BJD Leader Bed Prakash Agarwalla Passes Away * Poorva Express Derails Near Kanpur; 13 Injured * Dharmendra Importing Crime Culture to Odisha Politics from MP and Bihar * IPS Asso. Condemns BJP Candidate Pragya Singh Statement on Ashok Chakra Awardee Hemant Karkare * Naveen Holds Massive Roadshow in Puri, Offers Prayer at Jagannath Temple * Odisha Records 72 Per cent Voter Turnout in Second Phase of Polls * RGV to Make Biopic on Telangana CM KCR * BSP Supporter Cuts Off Finger after Voting for BJP by Mistake * Gangster Tito Shifted to Jharpara Jail * Odisha Elections 2019: Six Polling Officials Suspended for Dereliction of Duty * BJP Conspired to Sell Chilika: Naveen * PM’s Chopper Scan: Ex-CEC SY Quraishi Says EC Repeatedly Ignores PM's MCC Violation, Salutes Odisha CM * BJD Performed Very Well in Second Phase Polls: Naveen * Naveen to Campaign in Puri Lok Sabha Constituency Today * Surada BJP Candidate Arrested For Damaging EVM Control Unit * Naveen Withdraws Expulsion Order of Hara Prasad Sahu

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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