Q:Hello guys, in the budget for 2015, I have heard that the basic exemption in the tax has been hiked? Is it true for the tax payers in Hyderabad as well?
Latest Answer: Basically the people who are earning in the bracket of 4 lakhs per annum to 9 lakhs per annum are saving up to 20,000 rupees on the tax. These people are the one who have been the most benefited. The people who are earning more than 9 lakhs per annum are in a tough stop right now due to this decision.