“Just three marks of life, bread, cloth and house…”

This dialogue of Manoj Kumar’s film may be old, but even today these three things are the most important for the common man. Inflation is the biggest concern of middle class before budget 2025. Bread, clothes and houses – three basic needs are becoming increasingly expensive, and like every year, this time also the middle class expects some relief from the government.

Finance Minister Nirmala Sitharaman will present the general budget on 1 February, and the biggest challenge before him will be what steps should be taken to reduce the expenses of the common man.

Budget 2025: Middle class expectations – inflation should be reduced, tax decreases and home dreams!

When will you get relief from inflation?

“If the rest left, inflation was killed…”
The condition of middle class, troubled by inflation, has become like this song. Prices of food and drink, petrol-diesel, gas and other needs are getting out of the reach of the common man.

Prices of oil and gas are continuously increasing.
Prices of things like lentils, grains, vegetables and milk are touching the sky.
In the budget, the government will have to strengthen the supply chain, so that prices are controlled.

Middle class hopes that this time the government will reduce tax on everyday goods and cheaper them.

ITC Share Price: ITC shares before budget 2025, excise duty may increase on cigarettes!

Relief in income tax, only then earnings will be saved!

The second biggest concern of the middle class is income tax. How will there be savings if earning is less and more tax is? Every year employed people hope that the government will change the tax slab and increase the tax exemption limit.

Possible changes:
The income tax exemption limit can be increased from ₹ 2.5 lakh to ₹ 5 lakh.
There is a demand to increase the exemption limit from ₹ 1.5 lakh to ₹ 2.5 lakh under 80C.
Standard deduction can be increased from ₹ 50,000.

If the government reduces the burden of income tax, then the middle class will get great relief.

Heavy spending on health and education, what will the government do?

Today health and education have become the most expensive sector.

Problems in Health Sector:

• Private hospitals are charging arbitrary fees, while the condition of government hospitals is bad.
• Medical expenses are increasing, which is heavy on the middle class pocket.

Problems in education sector:

• Private schools and colleges are increasing fees arbitrarily.
• Due to bad condition of government schools, we have to spend on private education under compulsion.
• It has become difficult to get education loan and interest rates are also higher.

Expectations in Budget 2025:
Tax exemption should be increased on medical expenses.
Private hospitals are strict, so that the treatment is cheaper.
Interest rates should be reduced on education loans.
Government schools and colleges should be strengthened.

Get home loan at low interest rate, so that the dream of the house is fulfilled!

Buying a house is the dream of every middle class, but the high interest rates of home loans break this dream.

Current status on home loan:

• The interest rate is between 8-9%, which is quite high.
• The tax exemption on home loan is ₹ 2 lakh, which needs to be increased to ₹ 5 lakh.

Demand in budget 2025:
Interest rates on home loans should be reduced.
The limit of interest deduction should be increased.
Scheme of cheap houses should be brought for middle class.

When will new employment opportunities get?

“What will happen when you get a job…?”
This question is revolving in every youth’s mind. Employment conditions have not improved since Kovid-19.

Unemployment figures:

• The unemployment rate in the UPA government was 5.6%, which has increased to 6.6% in NDA.
• Employment can increase only by promoting small and medium industries (MSME).

Possible measures in Budget 2025:
Relief package should be brought for MSME sector.
New startups should get tax exemption.
Employment enhancing schemes should be given more funds.

What are the middle class expectations from Budget 2025?

Everyday things should be cheaper.
Income tax relief.
Health and education expenses are reduced.
Interest rates decrease on home loans.
Increase employment opportunities.

Now the question is that Finance Minister Nirmala Sitharaman will bring special for the middle class in this budget? The entire country is eyeing the budget to be presented on 1 February!