Thread by @BiIndia

#Budget2021: From Income Tax deductions to creating jobs and boosting healthcare – Here’s all that could be in #NirmalaSitharaman’s fiscal plans

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By @SanchDash

@SanchDash In a year where the country hopes to recover from the coronavirus pandemic, the onus will be on #NirmalaSitharaman to bring much needed relief for sectors, while also ensuring that the economy bounces back.

#Budget2021

@SanchDash From bringing back jobs in the market to tax deductions, there are a lot of expectations from #Budget2021.

@SanchDash India’s Finance Minister #NirmalaSitharaman is set to announce the annual budget on February 1, 2021 – paperless for the first time in the history of India. Here are the major changes that could come with the Union Budget 2021.

#Budget2021

➡️ Income tax deductions

According to reports, #Budget2021 might take forward the relief announced with the Atma Nirbhar package with the basic tax exemption limit for an individual being raised to ₹5 lakh from the current ₹2.5 lakh.

➡️ Massive boost for construction and affordable housing on its way

In Budget 2020, Finance Minister Nirmala Sitharaman had proposed to extend the benefit of additional deduction of ₹1.5 lakh on interest paid on affordable housing loans by a year to March 2021.

#Budget2021

➡️ Bringing back jobs in the market

Another top priority for the Modi government would be to bring back jobs in the market, after a year where thousands lost jobs across the country as companies tried to cut down costs.

#Budget2021

➡️ Healthcare could be on the top priority list

With the #COVID19Pandemic having shown the need for better healthcare infrastructure and facilities in the country, it is likely that the sector will see renewed focus from Sitharaman.

#Budget2021

➡️ Raise the divestment target

As the Modi government looks to recover the economy, it may also increase divestment targets for the year. A news report said that the government is likely to raise its divestment target to ₹2.5-3 lakh crore.

#Budget2021

#BudgetInsider: Here's a quick look at the major changes that could reportedly come up with the Union Budget 2021.

#Budget2021