Union Budget 2022-23: Standard deduction limit for income tax may increase. Check details

With less than a month to go for Budget 2022-23, expectations among the country's taxpayers remain high. Will the government provide some relief? Here is what we know so far.

It’s that time of the year when citizens are anxiously waiting for annual budget announcements, especially the ones related to income tax. The Union Budget 2022-23 will be announced by Finance Minister Nirmala Sitharaman on February 1.

Expectations among the country's taxpayers remain high as no major benefits related to income tax were announced by the government in the last budget. In view of the growing demand for changes in income tax, many industry bodies have already appealed to the government to provide some relief to taxpayers.