Budget aims to make life of common man easier: Gautam Gambhir

Union Budget 2023-24 will provide huge relief to common man, Gambhir said.

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By: Urvashi Khona
Updated: 02 February, 2023 3:02 pm IST

East Delhi BJP MP Gautam Gambhir on Wednesday praised the Central government increasing the tax rebate threshold to ₹7 lakhs per annum, stating that the Budget aims to improve the life of the common man.

Presenting the Union Budget 2023-24 in the Lok Sabha, finance minister Nirmala Sitharaman earlier today announced an increase in the income tax rebate limit from ₹5 lakhs to ₹7 lakhs under the new tax regime.

Speaking to The New Indian at the parliament complex, the BJP leader said, “This is a historic move and will provide great relief to the common man. After what the common man has gone through in the last two years, especially during Covid, this is a historical move and I am sure our country will be cherishing it.”

In her speech, FM Sitharaman said that the government aims to reduce the average processing time for income tax returns from 93 days to 16 days.

“The government intends to roll out next-gen common IT return forms and strengthen grievance redressal mechanisms.”

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