Income Tax Budget 2022 Highlights: LTCG surcharge rate at 15%, Updated Return and more to help taxpayers

Mitesh Jain, Partner, Economic Laws Practice (ELP) has been quoted by The Financial Express (India) in their article titled ‘Income Tax Slabs, Rates Change 2022 Live Updates- Will Section 80C limit change? What will salaried employees get?’ Mitesh is of the opinion that the standard deduction for the salaried individuals should be increased to provide relief to the salaried personnel. He further adds that a new allowance may be introduced for salaried personnel who have been working from home during the pandemic and the limit of investment deduction under Section 80C to be enhanced.

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