News > Budget 2022: Salaried class, taxpayers expect revision in tax slabs, hike in Section 80C limit 

Budget 2022: Salaried class, taxpayers expect revision in tax slabs, hike in Section 80C limit 

An increase in the Section 80C limit will not only encourage individuals to save more but also reap benefits for better returns and retirement corpus to help achieve financial security.

With this background when the Budget is around the corner, it is natural for taxpayers to set their expectations high. Broadly, they will be looking forward to a Budget that provides them with tax sops primarily aimed at reducing their tax bill and to increase their spendable income.