Budget 2022 unlikely to change individual tax rates, give more tax deductions: EY

Taxpayers expect that Budget 2022 will provide reduction in income tax rates and surcharges, increase in deduction available under section 80C, increase in housing loan repayment exemption etc. Simply put, the taxpayers' expectation is more money in hand. However, whether or not the Union Budget 2022 will be able to deliver on the taxpayers' expectation needs to be understood in the light of our national priorities.

from Tax-Wealth-Economic Times https://ift.tt/3GFJGh9