Sitharaman's Budget: 10 Key Announcements Expected Today

• Expectations for income tax relief, with demands to increase the tax-exempt limit to Rs 14 lakh under the new regime.
• Potential changes to the old tax system, including increasing the basic exemption limit to Rs 8 lakh.
• Demands for increased TDS limits on rental and interest income, especially for senior citizens.
• Anticipated tax exemption for NPS withdrawals at retirement and inclusion in the new tax regime.
• Possible GST concessions for education, MSME, real estate sectors, and bringing petrol/diesel under GST.
• New policy likely for the insurance sector to expand health and life coverage in rural areas.
• Jewelers seek reduction in import duty and GST on gold-silver to combat record high prices.
• Farmers expect PM-KISAN assistance to double to Rs 12,000 and increased MSP for crops.
• Stock market seeks concessions in LTCG, STCG, STT, and removal of dual tax system to boost confidence.
• Senior citizens demand reintroduction of railway concessions and enhanced health/tax benefits.

Why It Matters: Finance Minister Sitharaman's budget today is expected to bring significant announcements across various sectors.