Tax exemption limit for individual hiked to Rs. 2.5 lakhs

Subscribe to GoodReturns

Tax exemption limit for individual hiked to Rs. 2.5 lakhs
Finance Minister Arun Jaitley has increased the tax exemption limit for individuals from Rs. 2 lakhs to Rs.2.5 lakhs. For senior citizens the exemption limit has been increased to Rs. 3 lakhs from the previous limit of Rs. 2.5 lakhs.

Finance Minister also increased the PPF scheme to Rs. 1.5 lakhs from earlier Rs. 1 lakh. Special small savings schemes are propsed for the education of the girl child. 

GoodReturns.in 

Read more about: union budget 2014
Story first published: Thursday, July 10, 2014, 12:54 [IST]
Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Thousands of Goodreturn readers receive our evening newsletter.
Have you subscribed?