Comments
* No changes have been made to existing income tax slabs.
* People with income less than Rs. 5 lakh to get deduction of Rs. 5,000, up from Rs. 2,000 last year
* Deduction for rent paid under Sec.80GG to be increased to Rs.60,000 from Rs. 24,000
* Presumptive income tax scheme for all professionals with gross income of Rs. 50 lakhs
* National Pension Scheme gets partial tax exemption for withdrawal - 40% of withdrawal to be exempt
* First home buyers to get additional deduction of Rs.50,000 for interest on loans upto Rs.35 lakhs and value of house to not exceed Rs.50 lacs
* Higher taxes on all cars
*Taxes on tobacco products, barring beedi, to go up by 10-15 per cent
* No Service Tax for houses built under 60 sq metres.
* 4% high capacity tax for SUVs
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.