The Union Budget 2017-18 will be presented on February 1. There are hopes of many attached to it. However, middle class has it's own expectations, with tax slabs and home loan subventions, reports Economic Times.
If the minimum limit of taxable income is increased, it will not only benefit taxpayers at the bottom but also middle-class youth who are starting out as employees. Currently it is Rs 2.5 lakh.
A restructuring of tax slabs will be a big relief for the urban middle class. Currently, 10 per cent tax is charged on annual income of Rs 2.5 lakh to Rs