Finance Minister Nirmala Sitharaman will present the Union Budget 2022-23 on February 1. Common man expects deduction in income tax rates. Common man expects increase in housing loan repayment exemption. The existing total 80C exemption limit of Rs1.5 lakh should be increased. Employees expect a ‘Work From Home’ allowance as many people have been working from home for over two years now. Common man expects the government to introduce a separate tax deduction under Section 80D for Covid-19 related medical expenses. Watch the video to know more.
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