Budget 2021: Will middle class get bigger take-home salary?

Budget 2021: Will middle class get bigger take-home salary?

Budget 2021 MORE FROM THE AUTHOR

The coronavirus pandemic led to financial problems for many. As disruptions upturned sector-after-sector, people lost jobs and uncertainty deepened. Health impact of the COVID-19 pandemic introduced unexpected expenses to personal budgets. Middle class would be expecting sops in the Union Budget 2020-21 to help overcome these problems. If anything, middle class taxpayers would expect certain tax reliefs so that they have more money in their hands out of their paychecks.

In the Atmanirbhar Bharat package announced last year to fight the economic impact of COVID-19 pandemic, the basic tax exemption limit was raised […]

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