Will the middle class get any income tax relief? Here's what FM Sitharaman says

Will the middle class get any income tax relief? Here's what FM Sitharaman says

Union Finance Minister Nirmala Sitharaman said the contrary to the repeatedly brought up concern of giving relief to the country's middle-class, which has been severely impacted by the second wave of COVID-19, the government has taken several measures to address the issue.

In an exclusive interview with Business Today, FM Sitharaman stated that the said segment, as well as the businesses, have been given relief from time to time in the form of Special Window for Affordable and Mid-Income Housing (SWAMIH) Investment Fund, Emergency Credit Guarantee Liquidity Scheme (ECGLS) for the MSME sector.

income tax relief

"I find this concern for the 'middle class' repeatedly brought up. Don't the middle class among farmers benefit through government procurement? Haven't middle-class homebuyers got relief through the SWAMIH (Special Window for Completion of Construction of Affordable and Mid-Income Housing Projects) programme?" the finance minister noted.

"Likewise, there's the Emergency Credit Guarantee Liquidity Scheme (ECGLS) for the MSME sector, through which 20 per cent of their outstanding credit is given as loan, without any security, for which the government stands guarantee. Now, that 20 per cent has been increased to 40 per cent. Aren't there middle-class people running them?" she added.

The second wave of COVID-19 hit India's middle class with brute force, with many reports suggesting that the latest outbreak could have long-term ramifications for middle-class Indians.

The latest suggestion came about in a FICCI survey, which indicated that household incomes, as well as business confidence, have nosedived on the back of a sweeping second wave of coronavirus infections.

Proposing several measures, the survey suggested income-tax relief for the middle class and temporary reductions in indirect taxes for businesses.

The Reserve Bank of India's (RBI's) May round of survey also showed consumer confidence hitting an all-time low.

Source: https://www.businesstoday.in

नोट :- हमारे वेबसाइट www.indiangovtscheme.com पर ऐसी जानकारी रोजाना आती रहती है, तो आप ऐसी ही सरकारी योजनाओं की जानकारी पाने के लिए हमारे वेबसाइट www.indiangovtscheme.com से जुड़े रहे। 


This week popular schemes

प्रधानमंत्री आवास योजना ग्रामीण सूची। ऐसे देखे लिस्ट में अपना नाम ?

प्रधानमंत्री ग्रामीण आवास योजना लाभार्थी सूची 2021 Pradhan Mantri Gramin Awas Yojana List 2021

SEPD Odisha Free Laptop Distribution Scheme 2021

7th Pay Commission Latest Updates: करीब 52 लाख केंद्रीय कर्मचारियों के लिए 26 जून बड़ा दिन, DA, DR एरियर की पूरी हो सकती है मुराद

Uttar Pradesh Shramik Card Online Registration 2020 उत्तर प्रदेश श्रमिक कार्ड ऑनलाइन पंजीकरण 2020

Actuaries Procedure for Inquiry of Professional and Other Misconduct Amendment Rules, 2021

Ministry of Health and Family Welfare, Regional Leprosy Training and Research Institute, Raipur(Cashier)Group ‘C’ Post Recruitment Rules, 2021

DDA Housing Scheme 2021 : Registration money payment Procedure for waitlisted applicants

Mera Parivar Pehchan Patra Haryana हरियाणा परिवार पहचान पत्र क्या है ,कैसे बनाए ?

25 पैसे का सिक्का आपको बना सकता है 1.5 लाख रुपये का मालिक, घर बैठे हो जाएंगे माला-माल