CA NeWs Beta*: Budget 2015: How over Rs 10 lakh a year can be tax free

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Monday, March 9, 2015

Budget 2015: How over Rs 10 lakh a year can be tax free

http://economictimes.indiatimes.com/wealth/tax-savers/tax-news/budget-2015-how-over-rs-10-lakh-a-year-can-be-tax-free/articleshow/46484137.cms
In his Budget speech, Finance Minister Arun Jaitley said that a taxpayer enjoys deductions of up to Rs 4.44 lakh a year. But he missed a few deductions commonly available to taxpayers. If one adds up all these deductions, exemptions and tax-free reimbursements, an income of more than Rs 10 lakh a year can escape the tax net.


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