Budget 2024 Expectations Live: Insights for Middle Class and Corporates
Budget 2024 Expectations Live: What Do the Middle Class and Corporates Expect?
As Budget 2024 approaches, anticipation is building among both the middle class and corporate sectors. Key expectations include:
- Middle Class:
- Tax Relief: Hopes for increased income tax exemptions and higher deduction limits under Section 80C.
- Housing Benefits: Enhanced incentives for home loans and affordable housing.
- Healthcare: Increased healthcare spending and tax benefits for medical expenses.
- Education: More tax breaks for education loans and investments.
- Corporates:
- Tax Reforms: Calls for lower corporate tax rates and simplification of the tax structure.
- Incentives for Growth: Expectation of incentives for startups, MSMEs, and green energy sectors.
- Infrastructure Development: Increased government spending on infrastructure to boost economic growth.
- Ease of Doing Business: Further simplification of regulatory processes and compliance requirements.
Both groups are looking for measures that will bolster economic stability and growth while alleviating financial pressures. The upcoming budget is seen as a pivotal opportunity for the government to address these diverse needs.