Budget Reactions: Tax payers above Rs 8 lakh slab to benefit most, says PwC

Kuldip Kumar

Raising of exemption limit from Rs 1.8 lacs to Rs 2 lacs and introduction of deduction of saving bank interest upto Rs 10,000 to benefit everyone. But tax payer having income more than Rs 8 lacs to benefit the most as they can save upto INR 22,660 since 20% tax slab has been expanded from income level of Rs.5 - 8 lacs to Rs 5 -10 lacs. Kuldip Kumar - Executive Director - Tax & regulatory Services, PwC India