Direct Tax Proposals in Budget 2014

Last updated: 10 July 2014

DIRECT TAXES PROPOSALS: Personal Income-tax exemption limit raised by Rs50,000/- that is, from 2 lakh to Rs. 2.5 lakh in the case of individual taxpayers, below the age of 60 years. Exemption limit raised from Rs 2.5 lakh to Rs 3 lakh in the case of senior citizens. No change in the
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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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