Budget 2023: Tax relief needed amid high inflation, interest rates, say experts
Ahead of the Budget, experts are of the view that the exemptions and tax slabs in the personal income tax regime need a relook.
Ahead of the Budget, experts are of the view that the exemptions and tax slabs in the personal income tax regime need a relook.
The new concessional tax regime will become attractive for the tax payers if income up to ₹5 lakh annually is exempt from taxation, says EY India.
Congress urged the Centre to announce tax breaks for the middle and lower income classes.
Ahead of the budget, Congress leader Rajeev Gowda suggests that the government must lower the taxes on items to boost personal consumption.
According to the international brokerage, the market is looking for some relief in personal income taxes and taxes for companies/investors.
Though an uptick in demand is expected in the October-November festive season, experts do not see an immediate revival for the sector.
The S&P BSE Sensex jumped 2,284.55 points on Friday in intra-day trade, the highest gain in more than a decade.