Phrases with «exemption limit»

The phrase "exemption limit" refers to a specific amount or threshold that sets the maximum level at which a particular rule, law, regulation, or tax applies. If something falls below this limit, it is exempted or excluded and does not have to comply with or pay the associated requirements or taxes. Full definition

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Sentences with «exemption limit»

  • Officials of the insurance industry claim that the government should increase the tax exemption limit for health insurance and also initiate financial measures to increase its access. (policybazaar.com)
  • No extra efforts are required to avail the benefits of the increase in basic exemption limit. (policybazaar.com)
  • For instance, creating an exclusive exemption limit for insurance policies would encourage people to invest in life insurance plans and thereby promote long - term savings. (policybazaar.com)
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