IT Concessions in Union Budget a Boon for Middle Class: Bengal Governor

West Bengal Governor, C.V. Ananda Bose, on Monday, described the Union Finance Minister Nirmala Sitharaman's proposal to raise the minimum tax slab to Rs 12 lakhs from Rs 7 lakhs in the new regime in addition to Rs 75,000 of the standard deduction for salaried taxpayers as the real boon for the Indian middle-class society.

- AGENCIES

"Income tax concession is the major highlight of this budget since it will positively impact the entire India, including West Bengal. The proposal will surely have a positive impact on the lives and livelihood of millions of Indians belonging to the middle-income group, including those from West Bengal. The middle class has been given a lot of facilities and support in this budget. This will also boost the Indian economy in general because of the increase in consumption levels," the Governor told agencies in an exclusive interview.