Budget 2023-24 presented by finance minister Nirmala sitharaman on February 1 is seen as all in all middle class, considering the benefits ,it has offered to the salaried class in terms of its treatment in tax slabs.
As the observers says that budget 2023-24 as a major out rich to the electorate ahead of a slew of assembly elections followed by the general elections in 2024.
Under this budget extension in tax rebate from rupees 5 lakh to 7 lakh under the income tax new regime.
Political observers says the announcement assumes significance AS 9 states are going to polls in 2023 beginning with Tripura and the Lok Sabha polls in 2024 when Prime Minister Modi is seeking a third consecutive term .
Income Tax rebate is a matter of emotion. The government has kindly focused on the middle class, which decides the fate of politics in the country.said political analyst Rashid Kidwai.
The attention to this segment is not a throw way. The middle class has been closely aligned with Bharatiya Janata Party. .