Under no circumstances should additional taxes be imposed on the people. Prime Minister Narendra Modi had given clear instructions before the budget. And so the budget did not impose additional taxes on the middle class. Union Finance Minister Nirmala Sitharaman said at the end of the budget. He said the Prime Minister had given the same instruction last year.
This time too, Nirmala Sitharam has kept the step of personal income tax unchanged. He claimed that the Modi government had decided not to impose additional taxes on the common man in the Corona situation. That is why the tax structure remains unchanged after twenty-one.
Nirmala Sitharam further proposed that central and state government employees would get a 14 percent tax exemption instead of 10 percent. He claimed that this would enable state government employees to avail more social security schemes and bridge the gap between central and state employees.
PM Narendra Modi said, “It will especially benefit the poor and marginalized people. This budget will open new horizons for infrastructure, investment, growth, and employment. ”
The Center claims that this time the budget will help economic growth reach new heights, even in the Corona situation.
