The Finance Ministry has rejected a Parliamentary
Standing Committee’s recommendation to raise the income tax exemption
limit to Rs 3 lakh and to adjust other slabs saying that it will lead to
an annual loss of Rs 60,000 crore to the exchequer.
It has however decided to reduce the age for tax exemption for senior citizens to 60 years from 65 years.
The Committee headed by senior BJP leader Yashwant Sinha had proposed no tax on income of up to Rs 3 lakh per annum; 10 per cent for Rs 3-10 lakh; 20 per cent, for Rs 10-20 lakh and 30 per cent on annual income beyond Rs 20 lakh.
02-Apr-2014
Source : PTI
It has however decided to reduce the age for tax exemption for senior citizens to 60 years from 65 years.
The Committee headed by senior BJP leader Yashwant Sinha had proposed no tax on income of up to Rs 3 lakh per annum; 10 per cent for Rs 3-10 lakh; 20 per cent, for Rs 10-20 lakh and 30 per cent on annual income beyond Rs 20 lakh.
02-Apr-2014
Source : PTI
கருத்துகள் இல்லை:
கருத்துரையிடுக