New Delhi, Apr 1 (PTI) 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.
It has however decided to reduce the age for tax exemption for senior citizens to 60 years from 65 years.
No comments:
Post a Comment