Union Budget 2015: On Income-tax, here is what people want from FM Arun Jaitley

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New Delhi | February 27, 2015 12:53 PM

Ahead of Union Budget 2015, which will be presented by Finance Minister Arun Jaitley on February 28, 2014, KPMG has tried to understand...

income tax expectation from budget 2015-16, income tax expectation from budget 2015, income tax expectations, union budget 2015, union budget, budget 2015, budget 2015 IndiaOn personal taxation front, there are 53% respondents who expect an increase in the maximum limit of income not to be considered taxable. (Thinkstock)

Ahead of Union Budget 2015, which will be presented by Finance Minister Arun Jaitley on February 28, 2014, KPMG has tried to understand the expectations of India on personal income-tax through their pre-budget survey.

In the online survey taken by over 200 senior professionals across various India Inc. sectors, there are 53% respondents who expect an increase in the maximum limit of income not to be considered taxable. Further, almost 70% respondents to the survey expect an increase in limit for deductions allowed under section 80C, thus increasing the amount of disposable income in the hands of individuals.

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