The expected relief comprises an increase in the basic exemption limit from Rs 2.5 lakh to Rs 3 lakh, while for senior citizens, it is being sought to be increased to Rs 3.5 lakh from the present Rs 3 lakh.
Income tax relief, standard deduction hike, and tax relief for saving for kids’ education are some of the expectations of the salaried class from finance minister Nirmala Sitharaman. Union Budget 2022, to be presented on February 1, is going to be closely watched by the salaried class which is keenly awaiting the announcement regarding the personal taxation.
Income tax […]
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