Shiv Sena urges Centre to raise exemption on taxes

The Shiv Sena on Friday urged the Centre to raise tax exemption on income of lower and middle class individuals by increasing the slabs. (Representational Image)

The Shiv Sena on Friday urged the Centre to raise tax exemption on income of lower and middle class individuals by increasing the slabs. It demanded that there should be tax exemption on annual income up to Rs 5 lakh, which is currently Rs 2.5 lakh. The Sena also demanded waiving off the loans of farmers.

WATCH WHAT ELSE IS IN THE NEWS

Sena MPs Anandrao Adsul and Rahul Shewale submitted a memorandum of demands to union minister of state for finance Santosh Gangwar on Friday. Adsul said, “Common man has been badly affected by demonetisation. As the government says huge deposits came in banks and this would lead to higher tax collection. We strongly feel and therefore demand that common man should be rewarded by lowering both direct and indirect taxes in the ensuing budget.”