Concerns Over the Burden on the Salaried Middle Class

Critics argue that despite the introduction of the new tax regime, the salaried middle class continues to face a high tax burden. The lack of revision in tax slabs and stagnant standard deductions have not kept pace with inflation and rising living costs. Many middle-class taxpayers do not benefit from the new regime due to their substantial deductions under the old regime, leading to confusion and increased tax liabilities. There is a call for policy reforms that better reflect the financial realities of the middle class and provide genuine relief.