Tax Exemption Limit

Budget 2018: Eight measures Arun Jaitley should look into to provide relief to taxpayers

Hopefully the Budget will provide for an exclusive tax exemption of up to Rs. 20,000 for premiums paid towards a term insurance in addition to the current 1.5 lakh available for life.

More tax breaks for middle class likely in Budget as finance ministry mulling hike in exemption limit

In the last Budget, Finance Minister Arun Jaitley left the slabs unchanged but gave marginal relief to small tax payer by reducing the rate from 10 percent to 5 percent for individuals having annual income between Rs 2.5-5 lakh.

In reply to Shashi Tharoor's suggestion, govt says it will examine Rs 5 lakh tax exemption proposal for pensioners

MoS for Finance Shiv Pratap Shukla in a letter says proposal for pensioners would be examined during exercise for ensuing Union Budget 2018