Income Tax limit increase by 2 Lakh

In view of elections in five states expected the Finance Minister Pranab Mukherjee will try to appease middle-class. As well as the UPA , "common man" will also try to make happy.

When Pranab Mukherjee on Monday will present his budget speech, so it announced the tax exemption limit may be increased. Finance Minister Pranab Mukherjee tax exemption limit increased from 1.6 lakh to 2 lakh bucks can.

However, just 1.6 lakh income tax exemption for those facilities. Also twenty thoudand rupees discount to those people who has invested in infrastructure bonds.

Expected that the this budget facility can be continued. However, some people demand that it be increased to 20 thousand to 50 thousand.

It is expected that Finance Minister of Tamil Nadu and West Bengal in view of elections there to appease the Muslim voters to make happy they can forgive the loans of weavers.

Significantly, the weavers are the most populated Muslim society. However, this advantage could be in UP, Bihar and Andhra Pradesh also. B'cause of here is a large population of weavers.