Key Expectations for Salaried Middle Class from Budget 2025..!?

As the central government and Union Finance minister Nirmala Sitharaman prepare to present the Budget 2025 report, the indian middle class is waiting to see if 3 important things will come in this budget, income tax exemption and home loan are the main expectations. A significant reduction in income tax is one of the important expectations of the middle class people. By raising the taxable income limit, monthly salaried people will pay less income tax and have more money left in their hands. This will be used to buy goods and invest. There are also expectations that the central government will reduce tax rates in various income groups. In India, the middle class has been struggling to cope with the rising cost of living and inflation.
The middle class needs financial support to fulfill its dream of owning a home and government assistance to buy a house. By increasing the tax exemption on home loan interest or principal, the middle class can easily fulfill its dream of owning a home. Such a move will not only benefit the real estate sector but will also improve the overall financial condition of middle-class families. The middle class is also eagerly waiting for changes in the capital gains tax rules related to real estate transactions. Changes in this area will significantly affect investment decisions. It is hoped that the Union Budget 2025 will improve the financial well-being of the middle class and support the overall economic growth of the country.
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Sowmiya Sriram

01/02/2025 10:37 AM