Web Sify
Follow us on

Pre-Budget talks: Unions place demands before Chidambaram

Last Updated: Thu, Jan 03, 2013 20:10 hrs
FM seeks investment in manufacturing, service sector

Trade unions on Thursday urged Finance Minister P Chidambaram to announce the constitution of the seventh pay commission and raise the income tax threshold to Rs 5 lakh in a year from Rs 2 lakh.

The demands were raised at a pre-budget meeting. They also wanted income tax exemption ceiling for the salaried class to be raised to Rs 5 lakh a year and fringe benefits such as housing, medical and educational facilities should be exempted from the income tax net in totality.

More from Sify:
blog comments powered by Disqus
  Cities   Price (10g)
  Chennai   Rs. 24500.00 (-0.33%)
  Mumbai   Rs. 25480.00 (-0.08%)
  Delhi   Rs. 25200.00 (0%)
  Kolkata   Rs. 25000.00 (0%)
  Kerala   Rs. 24400.00 (-0.41%)
  Bangalore   Rs. 24450.00 (0%)
  Hyderabad   Rs. 24580.00 (0%)
talking point on sify finance