Topic: About Tax exemption amount

Hi Admin,

I heared long back Mr.Chidam Baram said that the Government is going to increasing the minimum tax exemption limit (from 1.6L) is that True if that is correct to how much amount they will increase??

Regards,
Rajanikanth.

Hi Rajnikanth,

As of till now 1.6 lk is the exemption limit, it may be increased for the next financial Year...

KIran

Now

Slab 1
----------
From 0 - 1.6L -- 0% for male
From 0 - 1.9L -- 0% for female

Slab 2
---------
From 1.6/1.9L -- 5L ---- 10%

Slab 3
---------
From 5L- - 8L -- 20%

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