Budget may untie tax knot for consumers, investors

After the pain of demonetisation, experts believe that there will be some benefits and doles

After the rough ride due to demonetisation, it isn’t unfair to expect some doles in Union Budget 2017-18. Experts feel that the finance minister can do a lot of things due to a wider database of tax payers that will improve collections. More money in the hands of people will also boost consumption. The way to go will be through direct taxes and enhancing existing exemptions. 
 
Dated exemptions: First, the Budget needs to look at some of the outdated exemptions that have lost all relevance due to inflation (see table). And some benefits are so minuscule that people