The budget must address the distinct economic role played by women and play the role of a facilitator in increasing their share in the workforce by bringing back those who have left.
At present, 60% commutation is allowed under pension plans. However, if an individual does not commute, any amount and opts for 100% annuity, the pension received is fully taxable. The Budget should remove this anomaly.
Salaried sector has always been the highest tax paying segment historically. The government must look at reducing IT rate slabs for salaried employees.
Shashank Srivastava, Executive Director of Maruti Suzuki, told Money9 that the auto industry has huge expectations from the Budget, to be presented on February 1.