[Chennai,TN]PMK Demands Income Tax Exemption Limit To Rs 5 Lakh
PMK chief S Ramadoss today urged the Centre to increase the income tax exemption limit for individuals from the Rs 2.5 lakh to Rs 5 lakh.
He said it was the demand of the salaried class for many years that the income tax exemption limit should be considerably increased.
He said the tax rate should be capped at 10 % for income upto Rs ten lakh,
20 % for income between Rs 10 lakh and Rs 20 lakh and
30 % beyond that threshold.
The Union budget has raised expectations among public since the general and railway budgets were being presented together after 92 years,
Demanding full tax exemption for senior citizens, he said the import duty on gold should be either fully waived or it must be cut down to 5%
Tag: Exemption Limit Of Income Tax
PMK Demands Full Tax Exemption For Senior Citizens
Jan. 29
Economy, Social Cause
Recent Comments