Raise income tax exemption limit to Rs 8 lakhs, demands Shiv Sena

Image
Press Trust of India New Delhi
Last Updated : Jan 31 2019 | 10:10 PM IST

The Shiv Sena Thursday demanded that income tax exemption limit be raised from 2.5 lakh to Rs 8 lakh after the Parliament passed the bill to give 10 per cent quota to economically weaker sections.

Shiv Sena's Rajya Sabha MP Anil Desai said a four-member party delegation met Finance Minister Piyush Goyal and gave a memorandum stating that since the government has taken the decision of giving EWS quota to people earning up to Rs 8 lakh, income tax for this group should be waived.

The government has admitted that people in this income group are poor, so they must be exempted from paying taxes, he said.

Currently, income tax is waived for people earning up to Rs 2.5 lakh a year.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jan 31 2019 | 10:10 PM IST

Next Story