Modi’s Tax Benefits For Salaried Women
The Finance ministry might come out with a proposal to increasing the IT exemption limit for salaried females. The exemption limit for the earnings below which individuals are not responsible to pay taxation for females could be fixed at between Rs. 3,25,000 to Rs. 3,50,000. The previously exercise after the 2012-2013 price range is set at Rs 2 lakhs for both men and women. This move by the Finance Ministry is part of larger plan to overhaul the entire tax regime and allow people to have more spending income and allow them to plan and spend their household budgets and savings.