In its comprehensive report, NITI Aayog has highlighted the need to cultivate a robust environment for senior care services. The key strategies proposed include implementing a reverse mortgage mechanism aimed at enhancing financial liquidity for seniors. Further recommendations encompass mandatory savings plans, and tax and GST reforms on senior care products.
For Immediate Release Contact: Chris Nordstrum (415) 601-1992 Chris.Nordstrum@nmlegis.gov New Mexico Senate Floor Wrap for March 17, 2023 The New Mexico Senate
For Immediate Release Contact: Chris Nordstrum (415) 601-1992 Chris.Nordstrum@nmlegis.gov New Mexico Senate Floor Wrap for March 17, 2023 The New Mexico Senate
The finance ministry is, however, mulling tax exemptions to boost savings, healthcare and affordable housing. Union Budget 2021-22: Govt likely to leave tax slabs intact but some relief likely, says reports | Photo Credit: BCCL
In a dampener for the common man, reports suggest that the government is likely to keep income tax slabs in the forthcoming Budget 2021-22. This means any changes in personal tax rates seem off the table as of now.
However, the finance ministry is mulling tax exemptions to boost savings, healthcare and affordable housing.
It is to be noted that changes on the personal tax front as the government in 2020 introduced an alternative tax slab structure with lower tax and no exemptions.