Nirmala Sitharaman: Middle-class people have suffered a lot due to inflation. In this too, the salaried people get hit more. In such a situation, the government can make this announcement to please these people. Let's know about it in detail.

Inflation has increased wildly since the epidemic. Due to this middle class, people had to face a lot of problems. On the one hand, they have to pay income tax, on the other hand, rising inflation affects their pockets more.

In such a situation, the government can make some such provisions in this budget. So that middle-class people are not affected much. Marketing data and analytics company Cantor conducted a survey. Most people believe that the government should make policy changes in income tax.

There will be a change in income tax.

In a survey, consumer sentiments and Union Budget 2023 have been assessed. 1,892 consumers were included in this survey. In this, all types of people like salaried, and business owners, apart from the common man and rich class were included. It has come to light in this survey that people are also speculating about the announcement of policy changes in consumers and income tax.

A tax rebate will increase

The salaried class expects the basic exemption limit in income tax to exceed Rs 2.5 lakh. It has also been told in this survey that the highest tax slab rate of 30 percent can be increased from the existing Rs 10 lakh. In this survey, more than two-thirds of the people say that there should be an increase in tax rebates on investing under section 80C.

Discounts on health insurance will increase

Apart from this, people in the survey have also told that the healthcare cost is increasing day by day. In such a situation, the exemption should be given to medical and health insurance. Those people say that rising inflation has already affected household income.

The new thing came to the fore

After the Kovid epidemic, people have become aware of health as most of the people involved in the survey say that continuous attention should be paid to healthcare. People in the survey have also said that the Indian economy is doing well. At the same time, people have said in the survey that in 2023 the Indian economy will move forward.