No income tax for earnings up to ____ rupees, as per the Interim Budget for 2019 presented by Union Finance Minister Piyush Goyal in Parliament on February 1 2019?
Answer with explanationAnswer: Option C
Union Finance Minister Piyush Goyal presented an Interim Budget for 2019 in Parliament on February 1 2019. An Interim Budget usually doesn’t list out new schemes or doesn’t unveil any policy measures. The government will present the vote on account for the next four-to-five months. A full-fledged Budget will be presented after the House reassembles after the general election. As per the budget, No income tax for earnings up to Rs 5 lakh. Individuals with gross income of up to Rs 6.5 lakh need not pay any tax if they make investments in provident funds and prescribed equities.