“Yesterday the Union Finance Minister Nirmala Sitharaman in the Rajya Sabha said I tried to mislead the house. I was not allowed to even reply to her questions,” he said.
The AAP MP further highlighted that the finance minister did not answer his other questions regarding issues faced by railway passengers and financial problems faced by the middle class.
“I raised various issues in my speech on the Union Budget like the issues being faced by railway passengers, financial challenges of the middle class, tariffs imposed by the Donald Trump administration or the falling rupee. She did not reply on these issues but on my example to explain the Income Tax rebate, she made a lot of statements,” he said.
Chadha said that he will still stand by his statement regarding the income tax rebate announced by the government in Budget 2025.
“The tax relief of ₹12 lakh that is being given is neither a tax exemption nor a tax deduction but just a tax rebate,” he said.
He explained that one has to pay taxes on incomes exceeding ₹12 lakh, adding that Sitharaman tried to complicate his words by mentioning marginal tax relief. “Union Finance Minister Nirmala Sitharaman tried to prove that my example was wrong.”
“I want to ask the finance minister whether it’s untrue that one has to pay tax on their full income if it exceeds ₹12 lakh. Tell me if a person earns ₹13 lakh per annum, then does he have to pay income tax on the entire ₹13 lakh or not,” he said.
Earlier on Thursday, Sitharaman had denied Chadha’s claims that one has to pay taxes according to their slabs on their full income if it exceeds ₹12 lakh.
Finance minister launched personal attacks on me: Chadha
In the three-minute long video, Chadha further alleged that Sitharaman had made personal attacks on him during her reply to his question.
“I want to say that I have a lot of love and respect for the Honourable Finance Minister. She is older than me in terms of experience and age. I hope that in future she refrains from making such personal statements,” he said.
In her Rajya Sabha reply to Raghav Chadha, Sitharaman said that she did not see the “strength of a chartered accountant” in his interventions.
“It makes me question if I am really right thinking that you are a chartered accountant,” she said.
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