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'Middle classes are disappointed for sure'

Scroll | 01/02/2022 10:00 PM | Click to read full article

As Finance Minister Nirmala Sitharaman presented her 4th Budget at the Lok Sabha on Tuesday, Kiran Mazumdar-Shaw, Executive Chairperson of Biocon, pointed out that the middle class is gravely disappointed with the budget for sure. 

The standard deduction currently stands at ₹50,000. There were no change income tax slabs in the personal income tax category in the Budget unveiled on Tuesday.