The focus on tax rebates for the middle class has brought a sigh of relief for them and now they will be able to spend more on vacations.
Interim Budget 2018: Various initiatives in the interim budget such as tax rebates for the middle class will benefit the travel and tourism sector, industry players said.
"On the whole, the interim budget is promising for the travel industry, complemented by further tax rebate for the middle income group more savings, more travel," said FCM Travel Solutions MD Rakshit Desai.
Expressing similar views, EaseMyTrip Co-Founder & CEO Nishant Pittie said the budget announced promising initiatives that will definitely augur well for the Indian travel and tourism industry.
The focus on tax rebates for the middle class has brought a sigh of relief for them and now they will be able to spend more on vacations.
The government has increased the funds for the tourism ministry to Rs 2,189.22 crore for 2019-20.
"The exemption of income tax for middle and lower class segment of the society will increase the disposable income, which in line will trigger demand across consumer focused industries," Royal Orchid Hotels MD Chander Baljee said.
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