HEADLINES:
May 22 2018
Nothing to writehome about
03 February 2018

Name: Sanjay Chugh

Profession: Founder, realTY agency

 

Number of members in family: 4

Monthly income:

> ₹1 lakh

For Sanjay Chugh and his family, the Union budget 2018 does not offer much. The founder of Skylines Property Consultants said he was hoping for an income tax benefit, but this did not come through. “Even the standard deduction of ₹40,000 takes away the current exemption for medical and transport allowance. So, I don’t think we are going to be saving anything,” said the 50-year-old. Neither his wife Anisha S. Chugh, an image consultant and a soft skills facilitator, nor his son and daughter, both of whose professional careers have just begun — in interior design and advertising — will benefit, he said.

However, the move to increase the ceiling for taxes on interest earned in bank and post office deposits from ₹10,000 to ₹50,000 for senior citizens is a welcome move, he said. “My mother is a senior citizen and this will help,” he added. The budget, with its focus on agriculture and healthcare, will help in building the foundation of the country, he felt.

 

 

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