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Income Tax Slab
by setu jagannath on Feb 08, 2010 08:40 PM

Please increase the income tax exemption limit(i.e Tax free income) from Rs 1,60,000 to atleast Rs 3,00,000. Common man is already affected with price rise, inflation and rise in price of essential coomodities. Atleast this step can reduce the tax burden to some extent. To be precise a person with an annual income of 3 lakhs can be defined as a poor person atleast in todays economic scenario with all the price rise of essential commodities and there is no point in pressurizing him further

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