PERSONAL TAX EXEMPTION LIMIT RAISED BY RS. 50,000/- ;
PERSONAL TAX EXEMPTION LIMIT RAISED BY RS. 50,000/- ; NO CHANGE IN THE RATE OF SURCHARGE; 15% INVESTMENT ALLOWANCE TO MANUFACTURING COMPANIES, TO INCENTIVIZE SMALL ENTREPRENEURS AND INCOME FROM FOREIGN PORTFOLIO INVESTORS TO BE TREATED AS CAPITAL GAINS. The General Budget 2014-15 presented by the Union Finance Minister Shri Arun Jaitley has raised the personal …