Income Tax Exemption Limit of Rs. 5 lakh for Salaried Employees – Trade Unions Demand
Trade Unions requests Finance Minister for Income Tax Exemption Limit of Rs. 5 lakh for Salaried Employees
Trade Unions want income tax exemption limit to be hiked to Rs 5 lakh
NEW DELHI: Trade Unions have pitched for an hike in personal income tax exemption limit to Rs 5 lakh and minimum wages to Rs 18,000 in the upcoming Union Budget.
Trade union representatives gave their wish list to Finance Minister Arun Jaitley that emphasized on steps in the next Budget to create more jobs and employment opportunities.
Other suggestions include, more focus in the Budget on social security schemes for the workers, especially those working in unorganised sectors, according to a finance ministry statement on Saturday.
Hon’ble Finance Minister Shri Jaitley said that one of the major priorities of the government is to ensure that benefits of Social Security Schemes reach to every section of workers including those working in the unorganised sector. He said that the government is sensitive about the workers’ welfare and would take all possible.