All employees get a tax exemption of Rs 50 thousand U/s 16(ia) in any tax regime.| If you are also a taxpayer, then this information will be very useful to you. As everyone knows, this time the government gave a big relief to the taxpayer in the budget. The government announced that those earning less than Rs 7 lakhs will not have to pay income tax. However, this benefit will only be available to those who opt for the new tax regime. The Finance Minister has increased the income tax exemption limit to Rs…