New Delhi:
What are you going to get from the budget … Will you bless you with mother Lakshmi? Since the budget 2025, the middle class and middle class have been setting up many expectations? From the discount in tax, the will of the middle class is in the desire for increasing exemption on housing loans. But will Lakshmi rain on the middle class and the poor in the budget? Expected, something similar is being done. Prime Minister Narendra Modi has also indicated a day before that mother Lakshmi’s grace can be on the poor and middle class this time. Let us know how the middle class and the poor can rain in this budget, let us know.
What did PM Modi indicate before the budget?
Before the budget session, Prime Minister Narendra Modi while addressing the media in Parliament House said, ‘I bow to Goddess Lakshmi before the budget. Mother Lakshmi gives us accomplishment and wisdom… also gives prosperity and welfare. I pray to Maa Lakshmi that every poor and middle class of the country should have special grace on the community. It is being estimated from PM Modi’s statement that this time Finance Minister Nirmala Sitharaman is in the mood to give middle class and concessions to the poor. It is believed that this time there can be a discount in tax.
There may be a big announcement regarding income tax
- This time in the budget, income tax payers can get good news. People are expected to get relief in tax.
- According to the expert, this time Finance Minister Nirmala Sitharaman can make changes in the income tax slab, which has been demanding middle class for many years.
- The Modi government can tax free tax on annual income up to Rs 10 lakh in the new regime.
- The income between Rs 15 lakh to Rs 20 lakh can make 25 percent instead of 30 percent.
- In the new regime of income tax, the basic exercise limit is expected to increase to Rs 5 lakh.
What can be special for middle class
- Middle classes are eyeing the middle class-incomplete tax limit and 80C exemption limit. If the government announces this, then a lot of middle class problems will be reduced. This can be announced this time.
- Middle class also has expectations from the government regarding home loans. The exemption on housing loans is expected to be increased from 2 lakh to 4 lakhs.
- If the deduction on home loan is increased from 1.5 lakh to 3 lakh, then the Prime Minister’s vision to give home to every Indian will get a big boost. There is also a desire to get relief in this.
- The industry also believes that the tax structure can be rationalized in the budget, so that more money will come for the expenses in the hands of the people. This will promote consumption.
What will be the gift for the poor in the budget?
- The increase in the loan to the street vendors is expected to be expected. Under this scheme, loans are provided to the poor at a very cheap rate.
- The Modi government can take measures to simplify the licensing process to remove the difficulties of the hawkers, which will benefit millions of people.
- Under the Ayushman Yojana and PM Awas Yojana, the government is already doing a lot of work for them. Some new announcements are also likely to be made about this.
- The central government can increase the PM Kisan Samman fund. This will provide direct help to the farmers and most farmers will get relief from this.
- Similarly, the government can also increase the loan limit received on the farmers credit card from three lakh rupees to five lakh rupees.
What is the expectation of common people from the budget
For youth and working class, it is expected that 30 percent of tax will be reduced to at least 20 percent. Apart from this, the income tax slab which is at Rs 10 lakh should be increased to Rs 15 lakh. This will benefit from both sides and the money that goes into the market, the economy of the country will move forward. At the same time, for the middle class family and lower middle class families, this budget will be the biggest gift in this budget, if our Union Finance Minister pays zero tax on income up to Rs 10 lakh … It will be a big help. With this, if the exemption on housing loan is increased from 2 lakh to 4 lakhs and deduction on home loan is increased from 1.5 lakh to 3 lakh, then the Prime Minister’s vision to give home to every Indian will get a big boost.
Union Finance Minister Nirmala Sitharaman will present a budget of FY 2025-26 in the Lok Sabha on Saturday. Given the demand of the hour, there is a higher focus on self -reliance in case of sustainability and resources.
Also read:-Finance Minister Nirmala Sitharaman will present the budget of 3.0 Modi government today, expectation of big announcement for farmers from taxpayers
