As per the Indian Union Budget of 2012 13 the income tax exemption limit for persons below 65 y...........

General Knowledge (CLAT) Economy

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As per the Indian Union Budget of 2012-13, the income-tax exemption limit for persons below 65 years of age is

Rs. 175000

Rs. 200000

Rs. 250000

Rs.190000

Explanation:

For 2012-13, the government has brought men and women by raising the income tax threshold for both to Rs 2 lakh. The earlier threshold was Rs 1.8 lakh for men and Rs 1.9 lakh for women. For senior citizens (60 years or above, but below 80 years) as well as very senior citizens (80 years or above), the threshold remains Rs 2.5 lakh and Rs 5 lakh, respectively.