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.
|Gold Rate in Chennai||Rs. 27690.00 (-0.36%)|
|Gold Rate in Mumbai||Rs. 28610.00 (0.07%)|
|Gold Rate in Delhi||Rs. 27950.00 (-0.71%)|
|Gold Rate in Kolkata||Rs. 28670.00 (0%)|
|Gold Rate in Kerala||Rs. 27100.00 (-0.73%)|
|Gold Rate in Bangalore||Rs. 27000.00 (-0.55%)|
|Gold Rate in Hyderabad||Rs. 27640.00 (-0.4%)|