The Union Budget of 2017 may have come as a relief to many on the personal tax front, especially those in the salary bracket below Rs 5 lakh.
On Wednesday, Finance Minister Arun Jaitley announced a few relief points for various salary slabs in the market. Here are a few highlights:
Further, citing a few key data points, the FM said,
The FM later also went on to cite the following data with regard to deposits during the demonetisation period:
Deposits between Rs 2 lakh and Rs 80 lakh were made in about 1.09 crore bank accounts. The average deposit size in these accounts was Rs 5 lakh.
Deposits of more than Rs 80 lakh were made in 1.48 lakh accounts. The average deposit size in these accounts was Rs 3.31 crore.
Tarush is driven towards delivering unbiased and accurate reportage while engaging with as many mediums as possible to narrate a fresh perspective. Working for the past few years in the digital space with YourStory, he has covered the Indian technology ecosystem extensively, focusing on new age Fintech companies, while building strong connects within the industry.