Presenting this government’s last budget before the Lok Sabha elections, Finance Minister Piyush Goyal went out all the way to woo farmers and the middle class. The Union Budget 2019 is packed with schemes for farmers, sops for the unemployed and tax relief for the middle class, though implementation of the schemes is left to the next government.
The pre-election budget had the most pleasant surprise for the salaried class as the FM announced full tax rebate for individuals aged below 60 years if their income is less than Rs 5 lakh per annum. Together with Rs 1.5 lakh savings on investment, one does not need to pay any tax if his or her total income does not exceed Rs 6.5 lakh.
The middle class has welcomed the move and social media platforms are flooded with reactions. While some are expressing thanks or analysing and dissecting the announcements, some are cracking hilarious jokes about how they are feeling.
Take a look at the tax relief memes shared by people on Twitter.