What individual tax payers can expect in Budget 2016?

Source:EconomicTimes

"It is expected that the government will raise the basic exemption limit to Rs 300,000 from its current level of Rs 250,000," says Surabhi Marwah.

“It is expected that the government will raise the basic exemption limit to Rs 300,000 from its current level of Rs 250,000,” says Surabhi Marwah.

The upcoming budget will be a very crucial one for the current government given that they have been in office for close to two years and are no longer under the shadow of the policies laid out by the previous government. This importance is clearly not lost on them as is evident from the various initiatives being debated.

This year, in order to foster a feeling of involvement and infuse more transparency into the budget-making process, .. 

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