Trade Unions want income tax exemption limit to be hiked to Rs 5 lakh

NEW DELHI: Trade Unions have pitched for an hike in personal income tax exemption limit to Rs 5 lakh and minimum wages to Rs 18,000 in the upcoming Union Budget.

Trade union representatives gave their wish list to Finance Minister Arun Jaitley that emphasised on steps in the next Budget to create more jobs and employment opportunities.

Other suggestions include, more focus in the Budget on social security schemes for the workers, especially those working in unorganised sectors, according to a finance ministry statement on Saturday.


Jaitley said that one of the major priorities of the government is to ensure that benefits of Social Security Schemes reach to every section of workers including those working in the unorganised sector. He said that the government is sensitive about the workers’ welfare and would take all possible measures to ensure that their interest and welfare is fully protected.