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Arun Jaitley likely to hike Income Tax Exemption limit from Rs 2.5L to Rs 3L or more : Budget 2018
Posted on: 11-01-2018 , 11:40:AM | DY365 Bureau

 Image for representational purpose only. Source : Internet

Finance Minister Arun Jaitley may hike the Income Tax Exemption limit from the current 2.5 Lakhs to Rs.3 Lakhs or even a bit higher.

This will be reflected in the new budget of 2018-19 to be launched soon.

Also, this is the last regular budget of the BJP-led government ahead of the general elections in 2019.

According to Arun Jaitley, the government is aware of the fact that the middle-income families are facing the brunt of rising inflation and easing the tax burden would provide some relief.

A reduction in the burden of tax would also place more disposable income in the hands of consumers which would increase the demand for goods and services and spur economic growth, he explained.


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