Rajat Dhar, MIMA, CIPM (PMA), MDRT (USA), Director Investments at Indian Investors Federation, in talks with Vipin Bhatt at CNBC Awaaz on the show #ConsumerAdda, sharing his view on – “Is this the right time that the #financeminister should consider hiking the Tax Exemptions for tax payers?”
Rajat Dhar stressed that it is high time that the exemption limit be hiked to INR 5 – 8 lacs so that benefit and respite from higher inflation be provided to the middle class.
This topic came to light due to a petition filed in the #MadrasHighCourt in reference to EWS reservation, stating the abolition of tax for people under INR 8 lacs income, as this is in conflict with those who are paying taxes and still earning less than INR 8 lacs annually.