https://wigglingpenstyle.com/budget-2023-and-impact-on-tax-exemption-policies/?utm_source=rss&utm_medium=rss&utm_campaign=budget-2023-and-impact-on-tax-exemption-policies Tue, 01 Aug 2023 10:55:58 +0000 hourly 1 https://wordpress.org/?v=7.1.2 https://wigglingpenstyle.com/budget-2023-and-impact-on-tax-exemption-policies/#comment-93148 Tue, 01 Aug 2023 10:55:58 +0000 https://wigglingpenstyle.com/?p=18061#comment-93148 Great information on Union Budget, you have simplified it to a greater extent. India is a fast-growing economy, and with the current scenario, the only way forward is up. Though, the common taxpayers feel cheated sometimes, but there is not much that can be done about it.

]]> https://wigglingpenstyle.com/budget-2023-and-impact-on-tax-exemption-policies/#comment-93104 Mon, 31 Jul 2023 18:46:35 +0000 https://wigglingpenstyle.com/?p=18061#comment-93104 This is quite an insightful post . The Budget 2023 has indeed brought significant changes to tax exemption policies impacting Indian people

]]> https://wigglingpenstyle.com/budget-2023-and-impact-on-tax-exemption-policies/#comment-93079 Mon, 31 Jul 2023 11:28:58 +0000 https://wigglingpenstyle.com/?p=18061#comment-93079 Indeed a great post about the outcome or impact of the Union Budget 2023… I being a student of finance always find that whatever be the budget decision the middle class people are the one who always deprived of the benefits from budget. I still dont find the meaning of stability that people are saying this budget is giving. I find it always a complicated outcome difficult for common man to understand. I am Thankful to you that atleast you presented a gist of this year budget.

]]> https://wigglingpenstyle.com/budget-2023-and-impact-on-tax-exemption-policies/#comment-93051 Sun, 30 Jul 2023 18:59:16 +0000 https://wigglingpenstyle.com/?p=18061#comment-93051 What an insightful post! The Budget 2023 has indeed brought significant changes to tax exemption policies impacting Indian people. Our government has introduced several measures to provide relief and promote economic growth. One of the key highlights is the increase in the basic income tax exemption limit, providing much-needed relief to middle-class taxpayers. Additionally, various deductions and exemptions have been introduced to incentivize savings, investments in health insurance, and contributions to pension funds. These policy changes aim to ease the tax burden on the common man, fostering greater financial stability and encouraging individuals to secure their future through responsible financial planning. Overall, the Budget 2023 reflects the government’s commitment to promoting inclusive growth and supporting the citizens’ financial well-being.

]]> https://wigglingpenstyle.com/budget-2023-and-impact-on-tax-exemption-policies/#comment-93035 Sun, 30 Jul 2023 05:18:33 +0000 https://wigglingpenstyle.com/?p=18061#comment-93035 Great post, Ruchi! The Union Budget 2023 does seem to have created quite a buzz in India, especially with the proposed tax exemption policy for incomes above 5 lakhs annually. The inclusion of tax exemption on life insurance premiums above ?5 lakhs is a significant feature, but the time-sensitive aspect until March 31, 2023, adds a sense of urgency for individuals to make the most of this opportunity. Kudos for highlighting the importance of acting swiftly to maximize tax benefits with higher premium policies!

]]> https://wigglingpenstyle.com/budget-2023-and-impact-on-tax-exemption-policies/#comment-92943 Fri, 28 Jul 2023 14:51:17 +0000 https://wigglingpenstyle.com/?p=18061#comment-92943 Interesting. While it seems like a tax that will impact HNI as regular policy holders premium amounts hardly ever go to 5 lakh per annum, I want to know if the amount received in case of death is except or not?

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