Tax relief in Budget
Will Nirmala Tai give a relief to us white color labours?
the odds of income Tax deduction is very less. There is no major elections in 2025. Income Tax reduction for Bihar elections is meaningless. There is no Incentive to reduce taxes for the BJP. Assuming there is real heat on BJP due to the excessive income tax on 2%. Even if they throw a small biscuit, they will offset it with some other tax. With the markets falling like no bottom, i would safely assuming there wont be any hike in that area. They need money for all that behna/betiya yojanas. Fiscal deficit that nobody talks about now, is already at peak. Everybody was talking about this deficit in 2014. Now suddenly no one seems bothered about it. So, printing money is also ruled out.
I pray they do no reduce tax. If they do, they will raise tax in some other area to recover double the amount.
Agreed with the thoughts. Still hoping to see more benefits in new tax regime
