News and Press Release - Dated:- 12-2-2019 - New Delhi, Feb 12 (PTI) Finance Minister Piyush Goyal on Tuesday said that the tax related proposals in the Finance Bill are aimed at helping the poor and the middle class people living on a tight budget. The Minister, while moving the Finance Bill for consideration and passage in Lok Sabha, also took a swipe at the Congress, saying unlike the previous UPA dispensation, the Modi government in its interim budget did not reduce levies of SUVs which are used by rich persons. In the Finance Bill 2019, the Minister proposed to raise tax rebate for people having annual income up to ₹ 5 lakh from ₹ 2,500 to ₹ 12,500, which will effectively ensure that they don't have to pay any tax. Those having income of up to ₹ 8-9 lakh too can take advantage of this if they invest in tax saving schemes. In the Bill, standard deduction has also been raised from ₹ 40,000 to ₹ 50,000, besides a host of tax benefits to home b

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