Niti Aayog Suggests Retaining Tax Exemption Limit At Rs. 2.5 Lakh

New Delhi: Niti Aayog today suggested the government should retain the income tax exemption threshold at Rs. 2.50 lakh, and take steps to prevent non-farm entities from declaring their earnings as agri income.

‘Three Year Action Agenda, 2017-18 to 2019-20’ of the think tank, released by Finance Minister Arun Jatiley, also asked the government to “frontally address” the problem of corruption among tax officials as part of its exercise to curb black money.

Cases of corruption among tax officials “must be prosecuted and disposed swiftly” since without instilling honesty among officials it would not be possible to curb generation of black money.

Read more at:ndtv