New Delhi. Where the country is once again completely painted in electoral colors. At the same time, assembly elections are also near in five states including Uttar Pradesh, Punjab and Uttarakhand. Amidst all this, today Union Finance Minister Nirmala Sitharaman is going to present the Union Budget for 2022-23.
India’s growth forecast
Here, according to economic advisors, India’s growth rate is expected to be 7% to 7.5% this time. At the same time, the main focus of the government will also be on the plan to get the economy out of the COVID-19 pandemic slowdown.
If seen, the eyes of the whole country are fixed on this budget today. While on one hand the business class is hoping for relief in their business, then the common man is expected to get a big relief from inflation, while a salaried person expects exemption in income tax from the budget. However, be aware that the Modi government has surprised people many times with its decisions.
Watch the live updates of the Union Budget for 2022-23 here:
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— DD News (@DDNewslive) January 30, 2022
Here now according to a report, the Modi government can give relief to the taxpayers this time by changing the tax slab in the budget.
Will this be the new income tax slab:
- 0 to 2.5 lakh income – 0%
- On income of 2.5 to 5 lakh- 5%
- 5 lakh to 7.5 lakh income – 10%
- 7.50 lakh to 10 lakh income – 15%
- 10 lakh to 12.50 lakh income – 20%
- On income of 12.50 lakh to 15 – 25%
- On income above Rs 15 lakh – 30%
High hopes for the elderly citizens of the country
Along with this, the elderly citizens of the country have high hopes. Anyway, these senior citizens of the country are also on the main target of epidemic like corona virus and many organizations working for their welfare have asked the government to increase the social pension to three thousand and provide other facilities in the budget to be presented on February 1. There is also a great demand. Overall, today every section of the country is sitting with some hope from the Union Finance Minister Nirmala Sitharaman and it is expected that she will definitely give some relief to many of them.