Employees' hopes on Modi Budget..!?

* Benefits that employees want from Modi 3.0 budget.
* A balance between development and welfare.
* Will the desire of employees to change the income tax slab rates be met?

The central government is taking steps towards the realization of the target with the aspiration to place our country among the developed countries. With 8 months remaining in this financial year, the annual budget for the 8 months will be presented in the lok sabha today. It is worth noting that this budget is the seventh consecutive budget presented by Union Finance minister Nirmala Sitharaman. In the wake of rising prices in the country, the middle-class people are hoping for tax relief, and the 3.0 government under the leadership of Modi will present the full package today. Information is being received that the central government is taking steps to strike a balance between development and welfare. It is felt that the Modi government should give priority to controlling inflation to boost growth.
Bhogatta said that Modi wants india to become a developed country by the year 2047. Information is being received that the Union Budget will be debated in lok sabha and rajya sabha for 20 hours. It remains to be seen whether any decisions will be made by the central government to bring benefits to the employees mainly in the context of the seven blessings. The employees want to increase the standard deduction limit to one lakh rupees, change the income tax slab rates, increase the deduction limit of section 80C, increase the exemption on savings interest, encourage housing, house rent allowance tax, and equality in the new tax system. The comments show that it remains to be seen whether Modi will shower blessings on the employees. Some others are commenting that it would be better if the Modi government focuses on providing long-term benefits to the employees. It remains to be seen what Modi's plan will be.
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nirmala sitharaman

Sowmiya Sriram

23/07/2024 09:50 AM