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The term 'Lakhpati Didis' refers to women members of Self Help Groups (SHGs) who harness their entrepreneurial skills and earn a sustainable income of at least Rs 1 lakh per year per household. The scheme, aimed at economic independence and women empowerment.
Going by the recent state poll results, FM Nirmala Sitharaman seems to be under no pressure to woo the middle class right away. But she could repeat the 2019 Budget when the maximum limit of the tax rebate was increased to Rs 12500 from Rs 2500. TDS limit on post office savings and bank deposits was hiked from Rs 10000 to Rs 40000.
Budget 2024: The middle class is eagerly awaiting some income tax reforms that would enable them to curtail their tax outgo
The Budget is crucial this year as it is the election year and the government holds the key. All eyes are on Finance Minister Nirmala Sitharaman on how the NDA government would balance the fiscal goals and electoral appeal.
These tax credits and deductions could save you money.