Bangalore: Budget 2012 is one of the most important events for the government in a fiscal year. Now it making into the calendars of the common man as well. The common man has understood that it is time that he comprehended how fiscal deficit, revenue collections, macroeconomic outlook and other budget planned reforms would affect him in the longer run. How does it impact his wallet and his investments is a thought process that most middle class population want to acclimatize now. Here is a list of things that would make a huge divergence if implemented: 1. Tax Exemption limits: Every Newspaper is chalk-a-block with information on tax exemptions that will be proposed in the upcoming budget. It is a very significant issue for the common man. The common man who is already been impacted by high inflation is expecting high tax exemptions that will help them recuperate from the strong hit inflation last year. There are sturdy indications that the Finance Minister will increase the tax exemptions limit as it is one of the ways to communicate to the common man that they are not left out and he is addressing their issue. Right now the exemption limit is 1,80,000 for men and 1,90,000 for women. There is a possibility that it will be increased to 2,25,000. Most of them are of the opinion that once the limit is raised it will boost the purchasing power of individuals and stimulate demand.