ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Exemption Limit for Income Tax

Exemption Limit for Income Tax G Thimmaiah RAVINDRA H DHOLAKIA (RD), in his com- ments (EPW, November 25,1989), on the paper 'Exemption Limit of Personal Income Tax: An international Comparison' by Pulin B Nayak and Pawan K Aggarwal (NA), has questioned their rudimentary analysis which they have used for drawing sharp conclusions and unqualified policy recommendations for lowering existing exemption limit for personal income tax in India. He has also questioned their methodology particularly the way they have estimated the normative level of exemption limit by using regression analysis and comparing the actual exemption limit with the normative level and for concluding that there is no case for raising the exemption limit on personal income tax. He has even attributed motives merely because their study was sponsored by Central Board of Direct Taxes.

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