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QUESTION OF THE DAY?
Apr 21,2014
  • Raise I-T exemption limit to Rs 5 lakh: Jaitley. Will BJP do it if voted to power? (238 comments)

Posted by

Bull.Hunter

I am expecting basic limit to 3 Lacks plus 50K addition to existing 1 Lack limit to 80C. % lacks is too much to believe at this stage.

Posted by

harriharri

It just may. The number of people paying IT with income below 5 lakh may be large but the contribution to overall collection is low. This will reduce large amount of paperwork at IT offices who will then be able to provide better services to others paying IT with higher income as well as ensure better compliance. It will be a good step; if they do it. And it is a big IF.
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