4 min read.Updated: 26 Jan 2021, 05:07 AM ISTLovaii Navlakhi
This Budget has the potential to change the way individuals plan for their retirement
As a student of finance first and then as a finance executive, I looked forward to Budget announcements every year on 28 February with trepidation. In the initial years, it was all about which industry would benefit from or be doomed by an overnight change in customs duty rates; later, as the focus changed to “me", it was all about personal income tax rates. You must remember that over two decades ago, earnings were not high and hence any reduction in taxes had the potential to increase your savings. Moreover, investor behaviour was fashioned in a big way through tax incentives.