Importance of personal savings ‘jettisoned’ in ‘hullabalo’ over old, new tax regimes: Chidambaram
PTI, Feb 2, 2023, 11:13 AM IST
Congress leader P Chidambaram on Thursday said that in the ”hullabaloo” over the old and the new tax regimes, the importance of personal savings in a developing country has been ”jettisoned”.
The former Union finance minister asserted that in the absence of a state-provided safety net for the vast majority of people, personal savings is the only social security.
The mystery of the New Tax Regime is unravelling, he said and pointed to the analysis and the tables in major newspapers on Thursday.
”If you are a taxpayer, don’t rush to conclusions. Do your math, consult a chartered accountant,” Chidambaram said in a series of tweets.
”My regret is, in this hullabaloo about OTR (old tax regime) and NTR (old tax regime), the importance of personal savings in a developing country has been jettisoned,” he said.
Chidambaram on Wednesday claimed that the Union Budget has ”betrayed” the hopes of a vast majority of Indians and shows how far removed the government is from the people and their concerns about life, livelihood and the growing inequality between the rich and the poor.
At a press conference at the Congress headquarters here, he had termed the budget ”callous” and claimed that Finance Minister Nirmala Sitharaman has not mentioned unemployment, poverty, inequality or equity anywhere in her Budget speech.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
Kangana takes ‘demon’ jibe at MVA, says it lost Maharashtra for disrespecting women
Eastern states were considered backward earlier, I view them as India’s growth engine: PM Modi
Villagers open fire on cops trying to take history-sheeter to police station
LDF performed well in bypolls despite Cong’s ‘false campaign’, says Vijayan
Maharashtra Elections | Eknath Shinde elected as Shiv Sena legislature party leader
MUST WATCH
Latest Additions
Geethartha Chinthane 104: The Power of Inner Inspiration to Face Challenges
Pakshikere Case: Bail granted to mother and daughter
Kangana takes ‘demon’ jibe at MVA, says it lost Maharashtra for disrespecting women
Eastern states were considered backward earlier, I view them as India’s growth engine: PM Modi
Villagers open fire on cops trying to take history-sheeter to police station
Thanks for visiting Udayavani
You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.