Raising exemption limit at the cost of tax reform a 'dangerous' proposal

The Budget is going paperless. The move was expected, as printing documents during Covid pandemic is problematic. So, how should people access the documents? In the sixth episode of ‘Beyond Budget Headlines with AKB’, Business Standard’s special video series in the run-up to Budget 2021, we also discuss the speculation and consequences of raising the tax exemption limit and the possibilities of implementing a Covid cess or surcharge. The move of raising exemption limit could see income tax rates increasing for those earning above Rs 5 lakh, says our in-house policy expert A K Bhattacharya, as he terms it a 'dangerous' proposal.
 

Spurring demand or increasing investments -- what is the bigger challenge for the Finance Minister in this Budget? Tune in to this podcast to learn why it would be prudent for the government to allocate more for capital expenditure.