Multiple choice

The income tax exemption slab in 2008-09 budget for senior citizens has been raised from

  1. Rs. 1·5 lakh to Rs. 1·75 lakh

  2. Rs. 1·75 lakh to Rs. 1·85 lakh

  3. Rs. 1·95 lakh to Rs. 2·25 lakh

  4. Rs. 1·95 lakh to Rs. 2·10 lakh
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

In the 2008-09 Union Budget, the income tax exemption limit for senior citizens was increased. The threshold was raised from 1.95 lakh to 2.25 lakh rupees. This move was intended to provide more disposable income to the elderly.

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