Union Budget 2021 | To encourage spending, govt likely to give relief up to Rs 80,000 in total tax liability: Report

Union Budget 2021 | To encourage spending, govt likely to give relief up to Rs 80,000 in total tax liability: Report

Jagran English

New Delhi | Jagran Business Desk: The Union Budget 2021 will be presented by Finance Minister Nirmala Sitharaman on February 1 amid high hopes from almost every sector and industry. The Union Budget 2021 also holds greater importance as it will be the first after the coronavirus pandemic wrecked havoc across the country and caused huge losses to different businesses and industries. Apart from businesses and industries, the common man also faced the wrath of the pandemic as it caused financial unrest in many households.

Now in order to put more money in the hands of the taxpayers of the country, the government is expected to provide tax relief of up to Rs 80,000 per annum in total tax liability, which can be a big relief for the taxpayers.

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