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Sairaj Kadam
Entrepreneur • 11m
After a long time. Back to Reality: The Budget's Hidden Cost "Hidden Costs of the New Tax Regime" Everyone's talking about the lower tax slabs in the new income tax regime. But has anyone considered the long-term implications? By drastically reducing deductions and exemptions, the government is subtly shifting the tax burden to individuals. This means less disposable income over time and a potential hit to savings and investments. It's a trade-off that needs more discussion. Many felt that the budget did not adequately address the rising cost of living and the increasing tax burden on the middle class. While there were some measures announced, critics argued that they were insufficient to provide significant relief. Such as 👇 × Insufficient focus on job creation: Many felt the budget did not adequately address the unemployment crisis. × Concerns over fiscal deficit: Some experts expressed worries about the government's ability to meet its fiscal deficit targets.
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