Post-demonetisation, Jaitley Likely To Relax Income Tax Slabs In Budget

here could be sops, after the pain. Sensing the growing frustration among the middle classes and the poor in India over dry and long queues at banks after demonetisation of big notes, the Bharatiya Janata Party (BJP) is learnt to be sending out feelers to finance minister Arun Jaitley to relax the income-tax slabs, even if marginally, in the Union Budget. "This would help consolidate the BJP position among the salaried class," a source said.

The budget announcements will come right before five states, with population of around 250 million, go to polls. The budget is slated to be early this time, perhaps on February 1.

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