Thursday, January 14, 2021

Middle class set to gain from higher tax deductions likely in Budget 2021

Sources said that the Budget 2020-21 may take the sops announced earlier under the Atmanirbhar Bharat package to help people in their fight against the Covid-19 pandemic further, by raising the basic tax exemption limit for an individual income tax payee to Rs 5 lakh from Rs 2.50 lakh at present to enhance net disposable income in their hands.

from Personal Finance News-Wealth-Economic Times https://ift.tt/2LNUi5U

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