Budget 2022 / The common man has been waiting for 8 years, this time he will get relief in the budget!

Today i.e. on February 1, Union Finance Minister Nirmala Sitharaman is going to present the general budget in Parliament. This is the fourth budget of the second term of the Modi government. The eyes of the whole country are on this budget to be presented today. This budget is going to be presented between the third wave of Kovid-19 epidemic and the assembly elections. In such a situation, the common man has many expectations from this budget. In Budget 2022, populist measures can be taken to appease voters due to assembly elections.

Common man has high expectations from the budget

Let us tell you that from the Union Budget 2022, while the businessman is hoping for relief in business, on the other hand, the common man is expected to get relief from inflation, while a salaried person expects exemption in income tax from the budget. However, the Modi government has surprised people many times with its decisions. According to a report, this time the government can give relief to the taxpayers by changing the tax slab in the budget.

Income tax exemption limit was increased 8 years ago

The common man got exemption in income tax 8 years ago from today. In the year 2014, the government increased the income tax exemption limit from Rs 2 lakh to Rs 2.5 lakh. At the same time, the tax exemption limit for citizens in the age group of 60 to 80 years was increased from Rs 2.5 lakh to Rs 3 lakh. It is believed that in this year's budget, the common man can get exemption in income tax. That is, the tax exemption limit can be increased from 2.5.

can get so much discount

It is being estimated that income tax exemption can be announced to increase from Rs 2.5 lakh to Rs 3 lakh. At the same time, for senior citizens, there is a possibility of increasing from Rs 3 lakh to Rs 3.5 lakh. Also, the top income slab is being said to be revised over and above the existing Rs 15 lakh.