Pre-Budget Expectations 2023 Updates (January 28): Increase in Basic Exemption Limit, higher limits under Section 80C, Section 80D and tax relief for homebuyers, salaried employees and senior citizens are some of the top personal tax expectations from the upcoming Budget on February 1.
Ahead of the Budget speech on February 1, it has been reported that the Government is mulling various tax sops for the middle class including salaried employees, women and senior citizens. Finance Minister Nirmala Sitharaman is also expected to keep the Fiscal Deficit in check while making higher Capex allocations to boost sectors such as infrastructure and manufacturing.
Also Read: Budget Expectations Sector-Wise on Jan 27
Higher allocations for agriculture, health, education and the Narendra Modi Government’s flagship schemes are also expected. Track this space for the latest news and updates on Pre-Budget 2023 Expectations.