WoW! This seems to be a welcome move if it does come true. Read the following article from economic times
http://economictimes.indiatimes.com/personal-finance/tax-savers/tax-news/budget-2012-likely-to-increase-income-tax-exemption-limit-to-rs-2-lakh/articleshow/11779014.cms
http://economictimes.indiatimes.com/personal-finance/tax-savers/tax-news/budget-2012-likely-to-increase-income-tax-exemption-limit-to-rs-2-lakh/articleshow/11779014.cms
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