Hyderabad: Responding to the Union Budget provided by Finance minister Nirmala Sitharaman, BRS MLC K Kavitha on Wednesday claimed that the revenue tax obligation refund on revenue as much as Rs 7 lakhs in the brand-new tax obligation regimen is useless to individuals of Telangana.
“This budget mathematical confirmation of the failure of Modi government. This seems like a budget for few states. We hoped tax rebate of up to Rs 10 lakhs. In Telangana, we pay good salaries to people so this rebate is of no use to us,” she claimed.
Kavitha likewise claimed that the Centre just reveals development tasks in either poll-bound states or BJP-governed states.
“Centre announces development projects in either poll-bound states or BJP-governed states. They announced Rs 10,000 crore for infrastructure, which infrastructure? They are not clear. They owe us Rs 1000 crore & I request Finance Mininster to pay our dues,” she better claimed.
Finance Minister Nirmala Sitharaman revealed that the individual revenue tax obligation refund is prolonged on revenue as much as Rs 7 lakhs in the brand-new tax obligation regimen.
The minister likewise revealed changed tax obligation pieces.
“I introduced in 2020, the new personal income tax regime with 6 income slabs, starting from Rs 2.5 Lakhs. I propose to change the tax structure in this regime by reducing the number of slabs to 5 and increasing the tax exemption limit to Rs 3 Lakhs,” the Finance Minister revealed.
“This will provide major relief to all tax payers in the new regime. An individual with an annual income of Rs 9 lakh will be required to pay only Rs 45,000. This is only 5 per cent of his or her income. It is a reduction of 25 per cent on what he or she is required to pay now, ie, Rs 60,000. Similarly, an individual with an income of Rs 15 lakh would be required to pay only 1.5 lakh or 10 percent of his or her income, a reduction of 20 percent from the existing liability of Rs 1,87,500,” she claimed.
Soon after the Budget session which was tabled by the Union Finance Minister Nirmala Sitharaman in the Parliament, the Bharat Rashtra Samithi MPs on Wednesday pounded the Centre for not assigning anything forTelangana Addressing the media, MP Keshava Rao claimed that there is absolutely nothing brand-new in the spending plan offered by theCentre He claimed that the money minister not also as soon as said the name of Telangana in her spending plan speech. He likewise claimed that Centre had actually offered appropriation to both Andhra Pradesh as well as Karnataka however exceptTelangana He included that Centre maintaining in elections in mind has actually maintained significant appropriations for the country for their political gas mileage.
Similarly, MP Nama Nageswara Rao pounded the Centre for overlooking Telangana in the spending plan appropriation. He claimed that the Centre disregarded all the appeals by the State government over funds for the Kaleshwaram task. He claimed that the spending plan is listened to by all individuals of the country as well as Telangana was anticipating appropriation of funds to the State however it was so frustrating. He likewise claimed that the Centre is currently concentrating on Sree Anna: Millets, Ragi, Johar and so on as if nobody has actually grown or eaten previously in thecountry He claimed that the majority of the spending plan was just running about bush as well as absolutely nothing else.