Budget 2022 Podcast | Revise basic income tax exemption, Section 80C limits: Tax2win suggests to Nirmala Sitharaman

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Budget Podcast | Should we expect a change in tax structure in Finance Minister Nirmala Sitharaman's Budget 2022? Will there be a reduction in GST? In this episode, CNBCTV18.com Kanishka Sarkar talks to Tax2win co-founder Abhishek Soni to find out the answers to these questions and more. Tune in!

Finance Minister Nirmala Sitharaman is all set for the Budget 2022 speech on February 1 and what citizens await the most are the announcements on income tax.
In this episode of the Budget Podcast, CNBCTV18.com’s Kanishka Sarkar gets in conversation with Abhishek Soni, co-founder of Tax2win, to find out what the salaried personnel expects from the Budget for the 2022-23 fiscal.
Will there be a change in the tax structure for consumers to be able to spend more? While multiple reports on the subject are doing the rounds, Soni suggests the government take measures to increase the disposable income of individual taxpayers. “We end up paying about one-third of the income in taxes,” he says.
And to fix this, apart from considering increasing the rebate available under Section 80C, he thinks Sitharaman must raise the basic exemption limit to at least Rs 5 lakh from the current Rs 2.5 lakh.
For more on what the middle-income group expects from Budget 2022 in the insurance, real state, and electric vehicles spheres, tune in To Budget Podcast
In case you have any queries or suggestions, please write to us on cnbctv18podcast@nw18.com

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