Editorji is a popular short video news and information platform based in India. It was founded in 2018 by Vikram Chandra, one of India’s leading journalists, and has risen to prominence in the digital news space in a relatively short span of time. The platform is primarily designed for mobile devices, with applications available for Android and iOS.

ABOUT US:

about us editorji

Latest Video News: Editorji provides the latest news video headlines, latest videos clip from India and the World. Get all breaking news videos on Entertainment, Business, Coronavirus, Elections, Politics and more.

Latest Video News, Breaking News, Bollywood, Political, Sports, Business News | Editorji

+91 11 4035 6666 / info@editorji.com
3rd floor, Plot B, Khasara no 360, Sultanpur, New Delhi, Delhi 110030
<a title="mail to us" href="mailto:info@editorji.com">Send Feedback</a>
<a title="Contact Us" href="mailto:info@editorji.com">Contact Us</a>

REACH US

Contact for any questions, suggestions, comments, feedback or advertisement on Editorji.com, we are always looking forward to hearing from you.

Contact Us for Feedback, Suggestions and Advertising 

Editorji content is better experienced in our app.

Govt proposes to increase income tax rebate limit from Rs 5 lakh to Rs 7 lakh in new tax regime

Budget 2023: No income tax upto ₹7 lakhs slab for the new regime 

Govt proposes to increase income tax rebate limit from Rs 5 lakh to Rs 7 lakh in the new tax regime

BUDGET 2023: INCOME TAX&nbsp; Finance Minister Nirmala Sitharaman on Wednesday raised the personal income tax rebate limit, doled out sops on small savings and announced one of the biggest hikes in capital spending in the past decade as she did a tight rope walk in the Budget between staying fiscally prudent and meeting public expectations in the year before general elections.
The personal income tax rebate limit has been increased to Rs 7 lakh from the fiscal year starting April 1 under the new tax regime from the previous Rs 5 lakh. Tax slabs has been cut to five from seven earlier. Also, the maximum income tax rate has been reduced to about 39 per cent from 42.7 per cent after a reduction in the highest surcharge to 25 per cent from 37 per cent.
Besides, the deposit limit for senior citizen savings schemes has been doubled to Rs 30 lakh and for Monthly Income Account Scheme to Rs 9 lakh. A new small savings scheme for women, offering 7.5 per cent interest rate on deposits of up to Rs 2 lakh for a tenor of 2 years, has been announced.

In order to boost affordability especially amid rising interest rates, the middle-class is hoping for the tax deduction limit against home loan interest to be hiked from 2 lakh rupees to 5 lakh rupees


Budget 2023: From tax slab to GST on health insurance, here's what the middle-class wants

Budget 2023: What does the middle-class want

<ul>
<li>In order to boost affordability especially amid rising interest rates, the middle-class is hoping for the tax deduction limit against home loan interest to be hiked from 2 lakh rupees to 5 lakh rupees</li>
</ul>

Budget 2023 As February 1st approaches, expectations are soaring high. Here's what the middle-class wants:
 Income tax One of the biggest expectations this time is a change in the tax slabs. Several tax experts are of the opinion that a revision in the existing income tax slabs will greatly benefit taxpayers. Others expect that the basic exemption limit could be hiked from 2.5 lakh rupees to 5 lakh rupees.&nbsp;
<h3> Budget 2023 Tax Slabs&nbsp; </h3>
Health insurance Another big focus especially after the pandemic, remains health insurance, a segment that is even now, highly under-penetrated. Experts strongly believe that the govt should ensure more people are encouraged to buy health insurance by increasing the deduction limit under section 80D from the current 25,000 rupees to 1 lakh rupees. Focus on creating jobs Citizens across the board are hoping that job creation remains a big focus in this budget. Given that layoffs are trending especially in the western countries currently, a report shows that one in every four Indians is worried about the a job layoff. With that, experts believe that government should step in by aggressively expanding job-oriented sectors such as manufacturing, infrastructure in Tier-2, Tier-3, and Tier-4 cities.
Home loans interest rates Fourth on our list is the home loan interest deduction limit. In order to boost affordability especially amid rising interest rates, the middle-class is hoping for the tax deduction limit against home loan interest to be hiked from 2 lakh rupees to 5 lakh rupees.
Tution fee Another demand to move tuition fees of children to a separate provision from the section 80C deductions. The provision is already saturated with several options including various tax saving investments and expenses but has a limit of just 1.5 lakh rupees.
Section 80 C That brings us to the last point on our list. An increase in the section 80 C limit. The 1.5 lakh investment limit gets exhausted quickly. And expectations are that this limit gets increased to at least 2 or 2.5 lakh rupees. This will not just help taxpayers save more but also boost investments.

middle class

Categories