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Jaitley presents union budget, IT exemption raised to Rs 2.5 lakh

Jaitley presents union budget, IT exemption raised to Rs 2.5 lakh

Jul 10, 2014, at 07:09 pm

New Delhi, July 10 (IBNS) Union Finance Minister Arun Jaitley presented the Budget for 2014-15, the maiden of the Narendra Modi government, with a big focus on the rural and agriculture sectors and announcing a clutch of infrastructure schemes while raising the income tax limit for the common man to Rs 2.5 lakh from the existing Rs 2 lakh and not making any changes in the direct taxes.