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Sensex 75,200.85 -0.15% ↓ Nifty 23,618 -0.14% ↓ 22k Gold ₹ 14,396/gm Silver ₹ 2,84,900/kg Petrol ₹ 107.59 Diesel ₹ 94.08 LPG ₹ 912.50 Crude Oil $ 111.01 USD ₹ 96.79

Tax exemption limit for individual hiked to Rs. 2.5 lakhs

By Ambari Datta Gupta

Updated: Thursday, July 10, 2014, 12:58 [IST]

tax

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

Story first published: Thursday, July 10, 2014, 12:58 [IST]

See More On: union budget 2014

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