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      Big relief to individual tax payers

      MoM Reporter / Mumbai, Jul 10, 2014 01:59 PM IST

        Big relief to individual tax payers

        The common mon has every reason to cheer as the proposed Budget is likely to help with more savings at the end of the day.

        The Finance minister Arun Jaitley today proposed to hike the tax exemption limit to personal income tax payers from Rs 200,000 to Rs 250,000.

        The Finance minster has left the tax brackets unchanged.

        Further the exemption for senoir citizens has been increased to Rs 300,000.

        Arun Jaitley has also hiked the exemption limit on long-term financial savings by Rs 50,000 to Rs 100,000.

        Also tax exemptions under the 80 C deductions have been increased to Rs 150,000.

        Click Here for the Live Budget Commentary.
         


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