Income Tax Slab: Every year before the Union Budget, people demand tax exemption. They expect the government to provide relief to taxpayers to help them cope with inflation. This year also the demand for change in the tax slab is being made through the people. Meanwhile, Finance Minister Nirmala Sitharaman said that she herself belongs to the middle class.
Budget 2023: The Union Budget 2023 is going to be announced by the government in a few days. This time’s budget is going to be the last full budget before the 2024 Lok Sabha elections. In such a situation, it is expected that many important announcements can be made by the government in this budget. At the same time, no change has been made in the income tax slab by the government for many years. But now Finance Minister Nirmala Sitharaman has given a hint regarding the income tax slab.
Nirmala Sitharaman
Every year before the Union Budget, people demand tax exemption. They expect the government to provide relief to taxpayers to help them cope with inflation. This year also the demand for change in the tax slab is being made through the people. Meanwhile, Finance Minister Nirmala Sitharaman said that she herself belongs to the middle class and can understand the pressure of a middle class family.
Budget 2023
Finance Minister Nirmala Sitharaman said in a function organized through RSS-affiliated weekly Panchjanya Patrika that the Modi government has not imposed any new tax on the middle class. In such a situation, it can be understood as a hint that the Modi government is not going to impose any new tax related to income tax on the people in this budget. Along with this, it is expected that in this budget from the government, people can also be given relief in the income tax slab.
Income Tax
Sitharaman said in this program that the present Modi government has not imposed any new tax on the middle class. Also, he said that income up to Rs 5 lakh is exempt from income tax. Let us inform that the country’s Finance Minister Nirmala Sitharaman will present the Union Budget for 2023-24 in the Lok Sabha on 1 February. There is a possibility of announcement by the government for different sectors in this budget.
