Union Budget Salaried Employee Expectations: Due to Corona, the salary class people have faced a lot of economic challenges. Salary class people expect a change in income tax slab in this budget.
New Delhi: The general budget presented after the lockdown implemented due to Corona crisis is going to be quite special. The lockdown was implemented by the government last year to eradicate the corona virus. Due to which there was a crisis on the employment of many people, there was also a reduction in the salary of many people. Although an economic package of Rs 20 lakh crore was announced during this period, there was nothing special in this package for the salary class. In such a situation, the salary class people have great expectations from this budget.
Due to Corona, the salary class people have faced a lot of economic challenges. If many people lost their jobs, then the salary of many people was cut. Even after this, these people did not get any relief. In such a situation, the people of the salary category have expectations about the income tax slab in this budget. This time the salary class is expecting a change in the income tax slab.
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At present, no tax has to be paid on the annual income of Rs 2.5 lakh. At the same time, under the old tax slab, a tax of 5 percent is to be paid from 2.5 to 5 lakh rupees, on which rebate is also available from the government. However, the people of the salary class who have been broken due to Corona, hope that this time, if the government changes the tax slab, then their income and savings can increase some.
Expect 80C rebate
At the same time, with the change in the tax slab, the salaried people can also get some relief through rebate. Along with this, the exemption limit is expected to be increased to the people of salary class under 80C. With this, you will see a reduction in the financial burden on the people of salary class.
