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Budget 2023 | Why there is a need for rationalisation of certain personal tax exemption and deduction limits

The monetary caps on certain exemptions and deductions were fixed many years ago and are long overdue for rationalisation. This will help bring them in line with the high inflationary trends witnessed in the last few years.

Homi Mistry
January 25, 2023 / 08:53 IST
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FM Nirmala Sitharaman should consider taking a look at certain income tax exemption, deduction limits
Homi Mistry is a Partner with Deloitte India.
first published: Jan 25, 2023 08:53 am

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