budget 2019

C. Subramoniam (Manager) (58 Points)

03 February 2019  
sir in this budget 87a rebate is increased to Rs.12500. so assessee upto taxable income rs.500000 need not file return and pay no tax. about 3 crore assessee are benefited. big revenue losses to govt. most of the salary people get this benefits. if this rebate continue, middle class people will not pay tax in future days. so is this rebate possible to continue in future? if it is possible to continue, how many years government can continue ?. because India is a developing country. it needs more money to its development. in future days government can reduce or remove this rebate? experts please explain detailly. because most of my clients are middle class people. thanks in advance