💨 Abstract

The article suggests that India's Finance Minister should broaden the definition of the middle class in the upcoming budget, focusing on those earning up to Rs 1 crore annually who are currently excluded by outdated definitions. The current tax system, which labels those earning above Rs 10 lakh as rich, is seen as unrealistic given the high expenses these individuals face.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖