Finance Minister Nirmala Sitharaman said the central government will continue to work for the middle class, as she gears up to announce the Union Budget 2023 in less than three weeks. Sitharaman said she belongs to a middle class family and understands the pressures they face, adding that the BJP-led NDA government has not imposed any new tax on the middle class in any budget so far.
“I belong to the middle class and identify myself as middle class so I can understand them. The Modi govt has not levied any new tax on the middle class in any budget so far,” Sitharaman was quoted as saying by news agency ANI. She further highlighted that no taxes are levied on people who earn a salary up to Rs five lakh.
“I identify as middle class and belong to the middle class so that I can understand them. According to Sitharaman, the Modi administration has not yet included a new tax on the middle class in a budget. She went on to say that those with incomes up to Rs. 5 lakh are not subject to taxes.
The government will continue to “work for the middle class” in the 2019 budget, the finance minister added.
The majority of India’s population, the middle class, has great hopes for the 2019 budget, which will be announced on February 1. Expectations are mostly focused on tax relief, healthcare reform, and employment since it will be the current government’s final comprehensive budget before the general elections in 2024.
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