Aakhir Tak – In Shorts
- An X user requested relief for the middle class on social media.
- Finance Minister Nirmala Sitharaman assured that the government is sensitive and responsible.
- The middle class struggles with tax and GST burdens.
- The 2024 budget increased standard deductions for salaried individuals.
- The government emphasized its commitment to listening to citizens.
Aakhir Tak – In Depth
Sitharaman’s Assurance to Middle-Class Concerns
On the social media platform “X,” a user highlighted the financial struggles faced by India’s middle class and requested Finance Minister Nirmala Sitharaman for relief. The user wrote, “We appreciate your contributions. Please consider some relief for the middle class.”
In response, Sitharaman acknowledged the user’s concerns and replied, “Our government listens and acts on people’s voices. Your concern is valuable to us.”
Tax Burdens on the Middle Class
India’s middle class constitutes about 2% of the population but bears significant tax burdens. As per 2023 data, only 2.24 crore individuals file income taxes.
In the 2024 budget, the government provided relief to the salaried class by increasing the standard deduction from ₹50,000 to ₹75,000 under the new tax regime. This measure translates to an additional ₹17,500 in taxpayers’ pockets.
Government Initiatives and Perspective
The government has recorded increased direct tax revenue, supporting the nation’s welfare programs. Sitharaman’s statement reinforces the image of a “people-sensitive” administration.
Key Takeaways to Remember
- The government has acknowledged middle-class concerns.
- The 2024 budget increased standard deductions for taxpayers.
- Social media continues to bridge the gap between citizens and legislators.
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