Income Tax Slabs
With the common-man's expenditure pocket shrinking day by
day, there might be a little to cheer about for all the taxpayers as there is a
possibility of a slight reduction in direct taxes in the upcoming budget as Mr.
Jaitley is likely to increase the slab of Income Tax Exemption from the current
Rs 2 lakhs to Rs 5 lakhs as well as an additional exemption of Rs 50,000 for
women and senior citizens.
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