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Salaried class can expect big relief in taxation if Finance Minister approves THIS demand

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As the Union Budget 2022 is all set to be presented by Finance Minister Nirmala Sitharaman, the salaried class employees are expecting a Work From Home Allowance in the upcoming annual financial statement to get tax relief on expenses incurred for carrying out office works from home during the pandemic. In addition, taxpayers are also expecting to get some rebate or relief from Finance Minister Sitharaman over the same.

FM Sitharaman will present Budget 2022 on February 1. This will be the fourth budget of the Prime Minister Narendra Modi-led NDA government in its second tenure.

To get a better understanding of what people can expect from Budget 2022, Dainik Jagran spoke to tax expert and CA Manish Kumar Gupta and tax consultant Balwant Jain. Here’s what the experts said:

Suggestions to the government

Tax expert Manish Kumar Gupta said that the decision to increase the standard deduction will depend on how much the government increases the tax. According to him, the government is getting many suggestions for personal taxation. Most of these are related to raising the limit of the standard deduction. The government can do this due to the increase in the cost of medical expenses due to the COVID-19 pandemic. However, it should be noted here that there is no option of standard deduction available for taxpayers opting for the new tax regime.

Furthermore, Gupta mentioned that the standard deduction of Rs 40000 was introduced by the former finance minister late Arun Jaitley in 2018. Later, in 2019, it was increased by Piyush Goyal to Rs 50000 in the interim budget. Explaining the reason behind this, Gupta said that it was done to match the inflation and due to the increase in the cost of electricity and internet during the work-from-home regime.

What does Balwant Jain expect from Budget 2022?

Meanwhile, according to tax consultant Balwant Jain, FM Sitharaman can increase the limit of 80C instead of the standard deduction. The basic exemption limit and the limit of rebate under section 87A can also be increased.

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Apple is giving a huge discount on its gadgets: Details inside

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If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

 

Amazon Summer Sale May 2022: Discount offer on iPhone 13 

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13 

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.

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