Nirmala Sitharaman will be presenting the first union budget of BJP-led NDA's second term on Friday and going by media reports; it looks like middle-class taxpayer will get a lot to cheer about by the end of the day.

There is a dedicated GST council which conducts meeting from time to time to revise the GST rates for various products. Finance Minister Arun Jaitley said that the government wanted to keep the GST rates close to the original rates. The latest revised GST rates for some common items are mentioned below.

The US President Donald Trump's former campaign chief Paul Manafort has been punished with 47 months imprisonment for tax crimes and banking fraud.

In an attempt to increase vote bank count in favour of BJP in the upcoming election 2019, nterim Finance Minister Piyush Goyal announced a mega pension scheme for the workers in the unorganised sector. While Pradhan Mantri Shram Yogi Mandhan will provide assured monthly pension of Rs 3000, there is also huge gift for maids, plumbers, drivers and others in the specific sector.

The first session of Interim Budget 2019-20 is likely to end with happy notes. The content present by FM Goyel aims at benefitting three major segments of the population including farmers, informal workers, and salaried taxpayers, with introduction of income support scheme for farmers, insurance scheme for informal sector workers and tax rebate for salaried workers.

Good news for middle income tax payers. Prime Minister Narendra Modi and Finance Minister Piyush Goyal's mission of bringing a revolutionary change in India by 2030 seems to be taking a true path. Mr. Goyal, today in union budget 2019, has doubled income tax exemption limit to Rs 5 lakh.

Union minister Piyush Goyal is presenting the contents of Budget 2019-20 in the parliament. Piyush Goyal's turn to reveal the contents of the Union Budget briefcase in the important general election, due on May 2019, Yesterday, the government said its estimate of Gross Domestic Product (GDP) growth for fiscal 2018 was 7.2 per cent, significantly higher than 6.7 per cent earlier. The Railway Budget for 2019 will also be presented in the budget session today.

Copies of Budget 2019-20 has been security checked and Finance Minister Piyush Goyal is all set to present the much-awaited session today. Today, the government may announce some tax relief for the middle or lower income groups. But some tax experts don’t expect the finance minister to announce sweeping changes on the income tax front. Let's see what comes up at the end of the day. Till the big leaders make final decisions, let us check what common Indians are expecting from Budget 2019 on personal tax front:

The budget 2019 is likely to speak about farmers’ welfare and besides, middle-class can expect some tax exemption limit. Source close to the budget discussion said that the basic exemption limit for personal income tax might go up to Rs 3 lakh from Rs 2.5 lakh and the upper threshold for deduction under Section 80C for assorted investments could move to Rs 2 lakh from Rs 1.5 lakh.

In an attempt to digitize India, Prime Minister Narendra Modi is planning a cash handout for farmers. While Modi is studying options, a few people from his administration aim to ease an agrarian distress and shore up popular support for the upcoming general election in 2019.