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Nirmala Sitharaman might finally give India's middle class some reason to cheer this Budget
Nirmala Sitharaman might finally give India's middle class some reason to cheer this Budget
Besides tinkering with exemption limit and standard deduction, the finance ministry is also looking at the possibility of increasing limit under 80C which includes investment in life insurance, FD, bonds, housing and PPF, among others. Payment towards medical insurance premium is also being looked at, sources said, adding, the government may simplify capital gains tax rules to benefit the middle class investors which have started investing in capital markets.
Besides tinkering with exemption limit and standard deduction, the finance ministry is also looking at the possibility of increasing limit under 80C which includes investment in life insurance, FD, bonds, housing and PPF, among others. Payment towards medical insurance premium is also being looked at, sources said, adding, the government may simplify capital gains tax rules to benefit the middle class investors which have started investing in capital markets.
Besides tinkering with exemption limit and standard deduction, the finance ministry is also looking at the possibility of increasing limit under 80C which includes investment in life insurance, FD, bonds, housing and PPF, among others. Payment towards medical insurance premium is also being looked at, sources said, adding, the government may simplify capital gains tax rules to benefit the middle class investors which have started investing in capital markets. 
