News Politics National Raise IT slab from Rs 2 lakh to Rs 5 lakh, demands Jaitley

Raise IT slab from Rs 2 lakh to Rs 5 lakh, demands Jaitley

Amritsar: BJP leader Arun Jaitley today demanded a raise in the Income Tax ceiling from Rs two lakh to Rs five lakh, which he claimed will benefit thirty million people.Advocating low tax structure, the BJP

Jaitley said,”the savings of Rs 24 crore in the pockets of ordinary person by reducing ceiling on Income Tax will lead to increased purchase which in turn will lead to increased VAT and Excise Duty thereby increasing the Revenue”.  Speaking on Amritsar's development, Jaitley said Economy of the constituency is dependent on tourists and small businesses.

He emphasised that with the investment of Rs 300-400 crores, 2-3 elevated roads, better roads with construction of 10-12 new bridges together with provision for few concessions and grants to increase tourism by providing special tax concessions to hotels the economy of Amritsar can be strengthened.

Along with this special attraction of Golden Temple, Durgiyana Temple, Wagha Border, improvement in specialised foods of Amritsar will attract more tourists and all round efforts will be made to increase their numbers from 1 lakh per day to 2-3 lakh per day.

It will be ensured that tourist who stay for one night stay here for 3-4 nights. Jaitley said,”I do not believe in the politics of allegations and counter allegations in politics but I can assure the people of Amritsar that I am voted to power.  “I will take care of each and every problem of Guru Ki Nagri and ensure that release of funds from Delhi is not a problem for the development of Amritsar”.