New Income Tax Rates Will Be Optional, Says Nirmala Sitharaman

Presenting the Union Budget in the Parliament on Saturday, Finance Minister Nrimala Sitharaman said the fundamentals of Indian economy are strong and inflation has been contained. The finance minister said that that 60 lakh new taxpayers have been added to the system and several steps on formalisation of economy have also been taken up. "Fundamentals of the economy are strong and inflation has been well curtailed. This Budget will boost income and enhance purchasing power. Our people should be gainfully employed, our businesses should be healthy. For every member of the scheduled caste and schedule tribe, for every woman, for every individual from minority section, this Budget aims to give wings to your aspirations," Sitharaman said after laying the Budget in the Lok Sabha.

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