I look forward to a budget that looks for its revenue from areas thathold immense potential and have not been effectively tapped in thepast for whatever reasons and provide relief to the salaried class.
It’s this class that has been worst hit by inflation. Spiraling costof essential commodities, be it vegetables or pulses have made lifemiserable. With their income virtually static on one hand andexpenditure mounting on the other, drawing up the monthly budget is anerve-wracking exercise for them. This budget I believe will providerelief commensurate with the prevailing cost of living for thesalaried class, to ensure they have the required disposable income totake care of their needs. I would like to see a quantum jump in thebasic exemption limit which should be raised to Rs.3 lakhs with a taxrate of 10% for theRs.3 lakhs to Rs.5 lakhs slab and 20% for income beyond Rs.5 lakhs.
Let the common man be spared as also the goods and services he consumes or uses.
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