It is budget time again. What to expect from the Finance Minister?
Tax proposals:
- Stimulus to continue
- More tax benefits
- Deductions
- Increase Basic exemption limit
- Increase the gratuity limit
- Increase the medical reimbursement limit (from Rs.15,000)
- Reduction in tax rates
- Short term capital gains
- Personal tax slabs to be widened
- Controlling the inflation by tax sops to industries
Plan outlay
How he is going to fix the situation? I mean, the fiscal deficit. It is widening.
Also, we need to see how the previous budget vs. the actual situation is.
Look forward to your views.
Cheers,
Gopal
2 comments:
Sir, I wish the exemption limit is increased to Rs.5 lacs. Cost of living is going up. We need it. When is the budget expected?
Best regards, Chetan.
What do you mean by increasing the gratuity limit? Explain please.
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