Budget 2013: Congress leaders ask FM to raise IT exemption limit


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Budget 2013: Congress leaders ask FM to raise IT exemption limit

Last Updated: Thursday, February 14, 2013, 20:57
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New Delhi: Increasing subsidised cooking gas cylinders from nine to 12, more jobs, curbing price rise and providing income tax relief to the salaried class were some of the wishes Congress leaders shared with Finance Minister P. Chidambaram Thursday during his pre-budget consultations, said party leaders.

"Issues like farm sector, minorities, tribal development, education and infrastructure sector were raised. Out of the 46 leaders present, 32, including Chidamabaram, spoke," Congress general secretary Janardan Dwivedi told reporters after the two hour long meeting.

Briefing the leaders, Chidambaram told the leaders that the Indian economy was undergoing a difficult period and the global recession has impacted the growth rate.

He said former finance minister Pranab Mukherjee had tried to arrest the decline in the Indian economy in 2008-09 through a financial stimulus.

"Chidambaram highlighted that the fiscal deficit has to be controlled," said a Congress leader who was present in the meeting.

Senior leader Ajit Jogi talked about tribal development and the need to push development projects in the Maoist-affected areas.

General secretary Oscar Fernandes wanted more gas reserves to be found to reduce India's dependence on oil imports.

Suggestions about increasing the budgets for minority welfare, child welfare and education development departments were also made.

General secretary Jagdish Tytler stressed the government should focus on creating more employment opportunities with an eye on the 2014 general elections.

Demands like a rail coach factory in Jammu and Kashmir to generate local employment and focused development of the usually neglected north eastern region were also made during the meeting, said the sources.

Some leaders also wanted spending on social sector and flagship programmes to be increased.


First Published: Thursday, February 14, 2013, 13:05


The Income Tax exemption should be at least Rs 300 lakh and total exemption ceiling under section 80-C should also be increased to Rs200 lakh from the present Rs100 so that lower class goveernment employees could feel relief from inflation -Deep Kumar -Shimla
IT exemtion limit to at least 3 lakhs Senior citizens should enjoy 5L exemption Very senior citizen age sholud be 75yrs 80 yrs and above should be totally tax free-Mohan C -Kannur
Increase the IT exemtion limit to at least 3 lakhs Widen the tax net to bring in it`s ambit un-organised sectors like `halwais`, unregistered fast food sellers and medical practioners who continue to fleece the hapless peopleThe children`s education fund exemption limit should be doubled, as education of even average quality has gone up tremendously Private school continue to mint money Under no circumstances should they be given land at the price of dirt-Rakesh Grover -Delhi
Convience allowance exemtion was set to Rs800/- when petrol was Rs 30/ Per litre Considering the prsent rates appropriate increase in exemtion up to Rs 2000/- per month should be considered-GIRISH -MUMBAI
MPs should have demanded cacellation of income tax exemption shamelessly given to them When these MPs will pay tax?-rajiv -bharuch
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