#Budget2014 Live Live Income tax exemption limit hiked from Rs - TopicsExpress

#Budget2014 Live Live Income tax exemption limit hiked from Rs 2 lakh to Rs 2.5 lakh New tax slabs: Upto 2.5 lakh - NIL; Above 2.5-5 lakh - 10%; Rs 5-10 lakh - 20%; Above Rs 10 lakh - 30% ; SrCitizen: Above 60(Upto 3lakh)/Above 80(Upto Rs 5 lakh)-NIL -Individuals to benefit from higher tax exemption, increase in 80 C limit and increase in exemption for housing loans. Consumer companies and housing sector to marginally benefit

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