The income tax exemption limit in India has seen a remarkable rise over the years with a great decrease in Inflation rate after 2014:
▪️ 2000: ₹50,000 (67% increase, 72% inflation, 6% GDP growth) ▪️ 2005: ₹1 lakh (100% increase, 27% inflation, 9% GDP growth) ▪️ 2012: ₹2 lakh (100% increase, 55% inflation, 6% GDP growth) ▪️ 2014: ₹2.5 lakh (25% increase, 15% inflation, 7% GDP growth, raised by 25% under the NDA government) ▪️ 2019: ₹5 lakh (100% increase, 18% inflation, 6% GDP growth, introduction of the new tax regime) ▪️ 2023: ₹7 lakh (40% increase, 14% inflation, 5.65% GDP growth, rebate increase) ▪️ 2025: ₹12 lakh (71% increase, 9% inflation, 7% GDP growth, highest exemption hike)
I was wondering how educated people forget the word "INFLATION"
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We have done it. We contribute more to the country in taxes than corporates.
Let’s celebrate this historic and absolutely patriotic moment in our broken dreams, in our rented homes, in our over taxed cars, in our pond sized p...
My blood boils whenever politicians talk about giving freebies for votes. That's my tax money
Abki bar 40% tax bracket par.
Modi ji ne kiya hai to kuch soch samajh kar hi Kiya hoga
Don’t you think it’s kinda not fair to tax people especially in metro cities who earn less than a lakh a month. The cost of living in these places are already so high and due to that they may not even be able to make any investments. 12 ...
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