Various tax exemptions for salaried class has outlived utility; time for Nirmala Sitharaman to enhance them
Currently, the maximum tax rate of 30 percent is triggered at an income exceeding Rs 10 lakh per annum
The common man expects the new Finance Minister Nirmala Sitharaman to provide some more incentives on personal tax
Budget 2019: Govt should consider increasing deduction under 80C to Rs 3 lakh or more per annum; raise limit for tax saving investments
The maximum tax rate of 30 percent triggered at an income exceeding Rs 10 lakh per annum may reasonably be enhanced to Rs 20 lakh per annum.
Arun Jaitley had a little room to fulfill the widespread expectations of the common man from the Budget on the personal taxation front.
The taxpayers would be glued to their televisions and electronic devices to see what the FM will present them on Budget day