HR Zone » General Awareness » PM Modi’s gift: No income tax likely till Rs. 3 lakh
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PM Modi’s gift: No income tax likely till Rs. 3 lakh
Type: HR, Report if not a HR topic
Posted 14-06-2014Reply
PM Modi’s gift: No income tax likely till Rs. 3 lakh
Finance minister Arun Jaitley may have some good news for the salaried class in the budget for 2014-15.
The government is learnt to be gearing up for an overhaul of India’s tax regime by considering a restructuring of tax slabs and increasing the income tax exemption limit from the existing Rs. 200,000 to more than Rs. 300,000 —a move that would leave more money in the hands of people.
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