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Direct Taxpayers May Get Income Tax Exemption Up To Rs 3 Lakh

Direct Taxpayers May Get Income Tax Exemption Up To Rs 3 Lakh

Wednesday, January 25, 2017, 6:31 PM

The research wing of India's largest bank,SBI, in a report has recommended that the government should raise the income tax exemption limit to Rs 3 lakh from Rs 2.5 lakh. According to the report by SBI, the fourth Budget of Arun Jaitley is likely to make a sweeping recast of direct taxes to give a boost to the economy following demonetisation.
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