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Friday, June 13, 2014

IT exemption likely to be raised from 2 lakhs to 5 lakhs.

There are reports that government is likely to raise the income tax exemption limit from existing 2 Lakhs to 5 Lakhs. The government is also considering raising the tax exemption limit on home loans and health insurance premium. The health insurance premium could be raised by Rs 5,000. The income tax exemption limit hike was one of the most anticipa....