Post Budget Analysis : The personal tax regime revisions will result in a rise in disposable funds due to lower deductions Says Ram Raheja, S Raheja Realty
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Below is perspective on Union Budget 2023 by Mr. Ram Raheja, Director at S Raheja Realty
“The personal tax regime revisions will result in a rise in disposable funds due to lower deductions. The proposed reduction in upper limit of tax on higher income groups is a relief, given the current maximum tax percentage in India is highest in the world. The emphasis on infrastructural development will aid the residential real estate sector at large as it will give an impetus to property launches. As development and construction increases keeping the environment in mind is crucial to ensure we are sustainable. The governments endeavour for clean energy and focus on encouraging green construction is a welcome move.”
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