Finance Minister Nirmala Sitharaman will present the Union Budget tomorrow February 1. This is the last full budget that the government will present before the Lok Sabha elections. In this background, the expectations of the common people have also increased. Union Budget 2023: Home buyers, salaried staff, small traders will get benefit.
This is the full budget of the second term of the Narendra Modi government. All sectors are different and the Finance Minister Nirmala Sitharaman (Union Budget) will take informed steps to move forward decisively on all fronts,” says Madhan Saban Vis, an official at Bank of Baroda.
As this is the full budget before the general elections, Nirmala Sitharaman may announce income tax exemption for the salaried staff and small traders. There is also a demand to increase the exemption limit on home loans to encourage the masses to buy residential property and boost the real estate sector.
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Andromeda Loans and Apna paisa Executive Chairman V Swaminathan said, ‘In the upcoming budget, the government can take decisions to provide relief to the borrowers. He said that the government is expected to consider the long-standing demand to increase the deduction limit on home loan interest from two lakhs to three lakhs.
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