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Topic Summary

Posted by: Sora
« on: February 29, 2016, 04:05:49 PM »

Check out the certain Tax relief to individual tax payers especially salaried in Union Budget 2016-17

Relief of Rs 3000 per year to taxpayers with income below Rs 5 lakh per year:

Withdrawal up to 40% of corpus from Pension to be made tax-exempt

HRA  deduction increased to Rs 60,000 per annum from rs 30,000

Not more than Rs 5 lakh, ceiling raised under 87 (a) from Rs 2000 to Rs 5000. for renters, increased from Rs 24000 to Rs 60000 per annum

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