Tax exemption limit for individual hiked to Rs. 2.5 lakhs

By Ambari Datta Gupta
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    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. 

    Read more about: union budget 2014
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