Wednesday, February 13, 2013

Salaried people want tax exemption limit raised to Rs.3 lakh: Survey | ummid.com

Salaried people want tax exemption limit raised to Rs.3 lakh: Survey | ummid.com
Nearly 90 percent of the respondents said the slab of tax-free income has not moved up in line with real inflation. The current basic exemption limit of Rs.200,000 should be increased to at least Rs.300,000 with the limit for women going up to Rs.350,000, the Associated Chambers of Commerce and Industry (Assocham) said in the survey report.