Pre-budget Expectation - Bhavin Turakhia, CEO, Zeta & Flock

"For the upcoming budget, two key areas to focus on are - technology and India's salaried population.

India's online economy has made significant strides, shifting from a largely 'cash on delivery' model to now clocking a massive number of online digital transaction. In the upcoming budget, an increased focus on giving better sops to build an infrastructure that can continue to empower individuals digitally will further boost our economy. Also, with technological disruption being key for startups' growth today, we would urge the government to encourage investments in technology hubs that will help strengthen technologies such as AI, ML etc. The government must also work towards bringing in some respite to GST, by reducing the tax slab for technology services and products, encouraging the early adopter market to flourish.

For salaried employees, in the past few decades, we haven't witnessed any increase in several allowances that are offered. For instance, the meal allowance is only Rs. 50 per day; while children education allowance has a limit of just Rs. 100 per month and the driver salary limit is only Rs 900 per month. It would be of great benefit for the salaried people employees if the Union Budget 2019 considers increasing the limit of such employee tax benefits."

Source : Equity Bulls

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