I-T exemption limit must be raised to â¹3 lakh in Budget: SBI
India's largest lender SBI has recommended that the income tax exemption limit be raised to â¹3 lakh in Budget 2018. Citing the increase in personal disposable income post 7th Pay Commission as the reason, SBI said it will benefit about 75 lakh people. The government must incentivise savings through bank deposits by making interest on savings account tax-free, it added.