(ET)
Ahead of what may be its final full Budget before next year’s general elections, the NDA government is looking to offer fresh benefits to middle class taxpayers, which are seen as a key constituency of BJP. While discussions on a possible package have begun, a section in the government wants to ensure the vocal segment is rewarded although the fiscal costs will be weighed.
Among options being talked about are an increase in the tax exemption limit, a return of standard deduction in some form as well as additional benefits for health insurance and even bank fixed deposits, which have become less attractive following the recent surge in stock markets coupled with sops for investment in mutual funds.
