Funds 2022 to carry correct news for salaried consultants

Finance Minister Nirmala Sitharaman is determined to yelp her fourth Union Funds on February 1, 2022. The funds 2022 carries several expectations from all corners, be it industries handle agriculture, smartly being and exact property or people handle entrepreneurs and salaries consultants.  The is hope that the tax exemption restrict for salaried consultants might well objective be elevated within the upcoming funds after being the equal for a decide on of years. With upcoming polls in 5 states, this announcement might well per chance also impact the spacious voting impact that salaried consultants own in India. So, here’s a opinion at what else might well objective be in store for salaried consultants in Funds 2022.  Tax exemption restrictFor the time being at Rs 2.5 lakh, the restrict has no longer been revised for the closing eight years. The restrict had been elevated by Rs 50,000 from Rs 2 lakh on the time. Now, taxpayers are looking out for this restrict to be elevated to Rs 5 lakh. Then but again, more life like expectations might well witness the restrict being extend to Rs 3 lakh.Scope of exemption under 80CAn exemption of Rs 1.5 lakh is allowed under Piece 80C within the intervening time. It used to be elevated from Rs 1 lakh to the present restrict in 2014. The part is most important for tax saving technique of salaried consultants. Funds analysts query this restrict to enhance to Rs 2 lakh within the upcoming funds.Tax-free Fixed Deposit with 3-365 days lock-in periodThe Indian Bank Affiliation has demanded that the lock-in period of tax-free FDs be lessened from 5 years to three years. Banks own moreover diminished the curiosity charges. The curiosity charges on PPF are within the intervening time higher than FDs, ensuing in lesser investments within the choice and instead more in mutual funds and stocks. Making FDs dazzling within the short is vulnerable to be on the cards.