Panel proposes hiking income tax exemption limit to Rs.3 lakh | ummid.com

Panel proposes hiking income tax exemption limit to Rs.3 lakh | ummid.com
A parliamentary panel reviewing the Direct Taxes Code (DTC) bill has recommended raising the income tax exemption limit to Rs.3 lakh a year and the investment limit for tax saving schemes to Rs.3.20 lakh. The current tax exemption limit stands at Rs.1.80 lakh.