Question:

As per the Indian Union Budget of 2013-14, the income-tax exemption limit for persons below 60 years of age is

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Remember: FY 2013-14 → Basic exemption limit for under-60s = Rs. 2 lakh.
Updated On: Aug 11, 2025
  • Rs. 175000
  • Rs. 200000
  • Rs. 20000
  • Rs. 190000
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The Correct Option is B

Solution and Explanation

In the Union Budget 2013-14, the Government of India kept the basic income-tax exemption limit for individuals below 60 years at Rs. 2,00,000.
This meant that individuals earning up to this amount in a financial year were not liable to pay income tax.
This measure aimed to provide relief to low and middle-income earners amidst inflationary pressures.
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