HomeNewsBusinessAnnouncementsBudget 2019: Will FM Nirmala Sitharaman provide tax relief for salaried class?

Budget 2019: Will FM Nirmala Sitharaman provide tax relief for salaried class?

While India Inc would want a reduction in corporate tax and relief with regard to Minimum Alternate Tax and Angel Tax, the middle class is hoping for a reduction in income tax.

July 05, 2019 / 12:49 IST
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In her first Budget speech, Finance Minister Nirmala Sitharaman will have to balance expectations of the industry as well as the salaried class.

While India Inc would want a reduction in corporate tax and relief with regard to Minimum Alternate Tax and Angel Tax, the middle class is hoping for a reduction in income tax.

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At the same time fiscal slippage, lack of jobs and a looming water crisis are worrying the nation, which need to be addressed by budget 2019.

Moneycontrol's Deputy Executive Editor Ravi Krishnan talks to Jinesh Shah, Partner – Tax at KPMG India, to find what Budget 2019 could have in store for the masses.