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What is the Common man expecting from the Budget 2022-2023?

What is the Common man expecting from the Budget 2022-2023?

 




Covid has changed the scenario, A common man is not only hated by the expenses of uncertainty but also by the double sword of GST and Income tax. Some basic support a common man seeking in the budget this year.


·         Separate deduction of Life Insurance Rs. 1 Lacs Under 80 C.

·         GST on the Life Insurance should be Less.

·         Deduction slabs of Health insurance should be increased.

·         No GST should be on Health Insurance.





It would be a deep breath to the insurance industry and run for a further 2 to 3 years. As a result Insurance industry would get fresh business, the new customer as well high investments from the existing customer to complete the tax benefits of new slabs as mentioned above. Moreover, it is not the common man's seek but also the demand of the industry.

 

Team Foxina

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