Budget should offer more tax breaks
(WorldNews Business)

The upcoming Union budget is one of the more important ones our country has seen, coming as it is after a pandemic that brought the economy to a standstill and put a pause on people’s aspirations. Finance minister Nirmala Sitharaman will undoubtedly receive many recommendations on what she must announce. I have a few as well focusing on three key areas: increasing disposable income through enhanced tax-breaks, stimulating real estate for the multiplier effect it has on the economy and incentivising the purchase of term insurance. Increase 80C limit to Rs 3 lakh The 80C limit, which is Rs 1.5 lakh at present, was last revised in July 2014. This should be doubled to account for inflation...