Budget 2023: Big announcement on taxes! Analysts see the light of hope

BY A STAFF REPORTER 

In the last two years, the aam aadmi has been under tremendous pressure on a number of issues, including skyrocketing prices, reducing salaries, retrenchment of employees. Besides, medical expenses have increased drastically. Finance Minister Nirmala Sitharaman will present the Union Budget in February. And looking at that budget, the aam-admi.

Every time, government and private employees keep an eye on tax exemption issues. According to sources, this time the Union Finance Minister can propose tax exemption keeping in mind the common people. This tax exemption may be announced especially for those employees who have a lower and middle-class income. Not only the tax exemption, but there are also many more announcements from the Modi government keeping in mind the common man.

Economic analysts claim that the central government can walk this path to increase the profits in small and big businesses. At present, tax has to be paid if the annual income is five lakh. However, for a long time, there has been no change in this tax rate and tax law. There were repeated demands in this regard. It is necessary to say that if a person earns five lakh or less in a year, then tax has to be paid. However, observers believe that tax returns should always be made.