Rajat Dhar, MIMA, CIPM (PMA), MDRT (USA), Director Investments at Indian Investors Federation, in talks with Vipin Bhatt on the CNBC Awaaz show #ConsumerAdda, sharing his view on – “Is this the right time that the finance minister 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 Madras High Court 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.
