Budget 2024: These 5 expectations of the salaried class from the budget, the third one is most important for you - Newztezz Online

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Tuesday, January 23, 2024

Budget 2024: These 5 expectations of the salaried class from the budget, the third one is most important for you


This time the budget will be an interim budget, so experts are speculating that the government may not make any major announcement. Let us try to understand what the salary class people are expecting from the budget. Will Nirmala Sitharaman be successful in fulfilling their expectations in this budget?

Every budget is full of expectations for employed people. It is challenging for people of every salary class to meet their monthly expenses with their daily salary. Some people learn to manage it while others remain troubled by it. Amidst all this, the expectations of these people from the government are seen in every budget. This time the budget will be an interim budget, so experts are speculating that the government may not make any major announcement. The party that will come to power after the Lok Sabha elections. She will make a big announcement. In such a situation, let us take a look at the expectations that salary class people have from the government.

These are 5 expectations

The government should consider preparing a slab on the tax system. Now there is confusion between new and old.

Consideration should be given to increasing the limit of PPF and increasing interest rates.

The limit of deductions under Section 80C and 80D should be increased.

The government should also pay attention to increasing the standard deduction.

Tax slabs should be kept rational in an effort to achieve greater equality.

Will the government confirm the hope?

Even today there is confusion among millions of Indians regarding tax slabs. Some are worried about which tax regime will be the better option for them when they become eligible to pay tax. Akhilesh Tiwari, a teacher who has been teaching in a school in Bihar for the last 18 years, says that the government should consider making a standard tax regime. With this, there will be no confusion among the common people in choosing between the new and the old. He hopes that the government can increase the tax exemption under 80C and 80D in this interim budget. Although different economists believe that the government will take a major decision related to tax in this budget, the possibility of this is very less. Shashank Dubey, working in the IT field (private sector), says that under the new tax regime, the government should increase the limit of tax exemption given on income up to Rs 7 lakh to Rs 8 lakh.

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