Budget Expectations: Here's how taxpayers can get some relief

"On the whole, some reliefs may be announced, but these reliefs will be much lower than what the middle-class income tax payers are hoping for," says Anil  

After the bold and historic decision of demonetization, expectations from the forthcoming budget, to be presented on February 1, have gone up particularly in relation to income tax. Many citizens have gone through tough liquidity position and they have accepted the harsh move in anticipation of tax reliefs in the next budget.

Although the actual budget proposals may be quite different from the expectations, but giving an overview of what people want from the budget may help the government while taking budget decisions mainly related to taxation policies.