Indian middle class cheer: Income Tax exemption raise by Modi?
It will be interesting to see how Modi government helps the country to cope up on that front. The Union Budget 2014-15 presentation will be closely watched by everyone, as the new government has to strike a balance between growth and inflation.
New Delhi: In what could probably become one of the landmark reforms by the Narendra Modi government, sources say that the Centre is likely to increase the Income Tax slab limit for exemption from Rs 2 lakh to Rs 5 lakh. After being sworn in as the country's new Prime Minister and forming his Cabinet, the time has come to see if the famous connotation with reference to Modi - “achhe din aane wale hai” holds true grounds or not.