Income tax cut in Union Budget 2024: India’s middle-class is asking for it but may not get it

BUDGET TAX RELIEF: Despite yearly budget hopes, India's middle class likely faces disappointment again over tax cuts amidst inflation. Both citizens and industry seek relief, especially for lower-income earners. However, there is a chance that fiscal prudence approach may prevent tax benefits. Focus remains on growth via targeted schemes. Economists debate the efficacy of tax cuts on boosting consumption, with rural demand still rebounding.