PUNE: Professionals from Pune responded positively to the announcement made in the Union Budget 2019-2020 of giving tax exemption to people who have an income up to Rs 5 lakh. Though some feel it might be a political gimmick, the general feeling is that the budget has come as a huge relief for working professionals.
IT professional Ankush Dubey, who works in a multinational company in Hinjawadi, said the tax sop is a welcome move and it will relieve the pressure to manage expenses. “This will increase our spendings and in exchange money flow in the market will also increase. The process of tax refunds have turned smooth which we were expecting,” added Dubey.
Sanmitra Gaikwad, an IT professional, feels it was a great move and middle class will be benefited by this. He said, “It should have been done much earlier but nevertheless it will give a lot of relief.”
“The middle class is often burdened with taxes so it is a good move,” Gaikwad added.
Dr Vaishali Lodha said, “This move of the government will benefit a lot of people. The middle class is the most honest taxpayer and this exemption will decrease their lot of load.”
Sharan Garcha, said, “It is happening for the first time that there is something for middle class, otherwise in the past year there was nothing much for the middle class. It is a good move as attention has been given to them.” She added, “Since the election is coming, it can be an election gimmick but just by giving tax exemption, problems for middle class won’t be solved. The government should take care of the standards of living and also the prices of diesel and petrol are flying high. The middle class will get complete relief only when all these issues are addressed.”
Geetika Awasthi, a teacher, feels the move of the government is positive and said, “It is a landmark move for the salaried class. Since the election is coming, it can be a political game as well but as long as there is a good thing happening and we are getting benefited we should appreciate it.”
