Minister for finance Arun Jaitley on 1 February is expected to present a common man friendly budget by either raising tax slabs or hiking investment limit in savings instruments.
The Middle class will be taken care of by the BJP government this time.
Besides giving sops to the individual tax payers, Jaitley is also expected to unveil initiatives to give additional benefits for health insurance.
The FM may also look to raise interest in bank fixed deposits that have become less attractive following the recent rally in stock markets.
The BJP government is backing the re-introduction of long-term capital gains tax on stock market transactions. However, it will apply to new transactions above a certain value, say Rs 5 lakh.
Technically this would be Arun Jaitley’s last full-fledged budget as the next budget would come just months before the scheduled date of the 17th general election.
