Budget 2022 In this year’s Union Budget, the most expected from Finance Minister Nirmala Sitharaman is to the salaried taxpayers. In such a situation, experts hope that this time the Finance Minister can bring a big gift for the employed taxpayers doing work from home during the Corona period.
Published: January 14, 2022 06:49:57 pm
The corona epidemic has affected everyone from business to employed. From the year 2020 till now, there is a significant reduction in the salary of the salaried people in many sectors. Due to Kovid, the employees were given work from home. Due to this, the bill of internet, telephone, furniture and electricity has increased more than before. In such a situation, for the employees doing work from home, this time the government can give a big gift in the union budget. Employed can get the gift of work from home allowance from the government
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Actually, due to work from home, the expenses have increased for the employees. From furniture to internet bill, electricity bill etc. are such expenses which the employees have to bear. In such a situation, it is expected that employees with work from home should be given allowance by the government. In the upcoming budget, salaried people can get the gift of work from home allowance from the government.
Tax services and financial services company Deloitte India has also demanded from the Finance Minister that employees should be given work from home allowance. If the government cannot give the allowance directly, then make a provision for exemption in tax.
For this, the culture of work from home in Britain was also mentioned. In fact, the government has made special rules to give tax relief to employees in Britain. In such a situation, relief can be given by giving tax exemption in India on the same lines. The company has advised that employees working from their homes should be given work from home deduction of up to Rs 50,000.
At the same time, the Institute of Chartered Accountants of India has also demanded that the government should give tax relief to work from workers in the budget.
Standard deduction limit also increased
Along with this, ICAI has also demanded to increase the exemption in standard deduction. ICAI has said that the government should increase the limit of standard deduction to 50 thousand rupees in the upcoming budget. Now it should be increased to Rs 1 lakh.
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