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Income Tax in Budget 2021 LIVE Updates: Sop to Raise Spending, Work from Home Deductions? In Post-Covid World, FM's 'Never like Before' Offer

Income Tax Benefits in Budget 2021 LIVE Updates: As the coronavirus-battered Indian economy looks forward to recovering itself through Union Budget 2021-22, tax incentives to increase spending and strengthen household consumption demand may be offered by Finance Minister Nirmala Sitharaman. There are also chances of higher deductions on housing loans coupled with the introduction of a COVID Cess that is expected to be levied on high-income individuals. The ninth budget of the Narendra Modi government, including an interim one, is also expected to focus on boosting spending on job creation, putting more money in the hands of the average taxpayer and easing rules to attract foreign investments.

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