Taxation

Budget 2020: Govt Considering Tweekings the Tax Slabs and Raising the Tax Exemption Limits

A tweaking of tax slabs is on also on the agenda and as part of the restructuring the government may raise the minimum exemption limit from the current Rs 2.5 lakh. Among the measures being considered include increasing tax saving measures through various options. Sources say the government is also considering tax saving options through infrastructure bonds. Under this window, tax saving may be allowed via infra bonds of up to Rs 50,000 a year.