Abhay (47) and Pooja singh (38) live in Calcutta. Their son Archit (13) is in seventh grade. Abhay is a regional sales manager with a company involved in the farm sector, while Pooja is a home-maker. Abhay feels a middle class family needs three basic things -— health, house and child’s education. He hopes the government will focus on these in the budget. Pooja hopes the budget will encourage families to buy a reasonable preventive health insurance by increasing the limit of section 80D.
As a family with a substantial home loan and a school-going kid, they would want the deduction limit for tuition fees to be put under a separate section and not be clubbed under 80C. On deduction on home loan interest, Abhay feels that the limit should be increased to Rs 4 lakh considering the amount of interest he pays on his home loan.