Union Budget 2016-17 Highlights:
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RELIEF TO SMALL TAX PAYERS:
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RELIEF TO SMALL TAX PAYERS:
Raise the ceiling of tax rebate under section 87A from
2000 to 5000 to lessen tax burden on individuals with income
upto 5 laks.
Increase the limit of deduction of rent paid under section 80GG from
24000 per annum to 60000, to provide relief to those who live in
Rented Houses.
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