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Budget 2022 Work From Home standard deduction limit hike | Budget 2022: Work From Home people can get a gift of up to Rs 50,000!

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.

New Delhi

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

This time the taxpayers of the country have high expectations from the budget 2022. It is also expected from the Finance Minister that she will not disappoint the taxpayers in her budget. Taxpayers can be given relief to revive the economy, especially in the Corona period. This time a big advantage can be given to the employed person. Especially those people who have been doing work from home. In such a situation, a demand has also been made to give work from home deduction of up to 50 thousand rupees to such employees who are working from their homes.

Also read: Budget session of Parliament will begin from January 31, will run in two phases till April 8

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.

50 thousand off

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.

Also read: Vedanta Group may spend up to $12 billion to buy BPCL

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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