evidence: New Delhi [India], January 21 (ANI): Basic income tax exemption limit, which currently stands at Rs 2.5 lakh, is likely to be raise in the Union Budget 2022-23, according to a pre-budget survey conducted by KPMG. "On the individual tax front, most respondents i.e. 64 per cent expect an enhancement in the basic income tax exemption limit of Rs 2.5 lakh," KPMG said in the survey report. [...] Commenting on the findings of the survey, Rajeev Dimri, Partner and National Head of Tax, KPMG in India said "our pre-budget survey indicates that relief for individual tax payers by way of an enhancement in the basic income tax exemption limit of Rs 2.5 Lakh is highly awaited. Respondents also support an upward revision in the top income slab of Rs 10 lakhs, and an increase in the existing section 80C deduction limit of Rs 1.5 lakh."