Anand Dhelia (for Info only, not official)

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Anand Dhelia

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    ...However, this is going to be a difficult year considering the optimistic fiscal deficit targets.Considering the pressure that the Seventh Pay Commission has put on government coffers, it is possible that the budget focuses on increasing the revenue than granting tax cuts. Having said that, individual taxpayers, specifically the salaried employees, should not be on the government's radar for increasing tax revenue. Discussed below are few pointers that may have an impact from an individual's perspective:: Considering there is a shortfall in direct tax revenue target and the government has a vision to increase the taxpayer base, it seems likely that the basic exemption will remain at Rs 2.5 lakh. ...

    NDTV on Feb. 12, 2016, midnight