Budget 2016: Assocham demands income tax exemption to Rs 2.5 lakh, re-introduce standard deduction   New Delhi: Industry body Assocham demanded an increase in income tax exemption ceiling for salaried people to Rs 2.5 lakh and and re-introduce standard deduction for salaried employees to boost consumption in the upcoming Budget.   The income tax exemption … [Read more...] about Budget 2016: Assocham demands income tax exemption to Rs 2.5 lakh, re-introduce standard deduction