5 income tax expectations from Budget 2016


Budget 2016 countdown has begun and all eyes are yet again on Finance Minister Arun Jaitley with many more expectations. One of the major announcements to lookout for will be a possible revision of the tax slabs whereby tax exemption limits will be raised from Rs 2.5 lakhs currently to Rs 3 lakhs. The Economic Survey 2016 released on Friday has already suggested that tax exemption thresholds should not be raised but more measures should be taken to widen the tax net and end subsidies for the well-off.

Below is the list of 5 expectations from the common man. 
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