• No merit in going ahead with Direct tax Code as it exists today. Net impact of tax proposals Rs.15, 068 crore.
• Yoga to be included under charitable activities.
• Individual taxpayer can get benefits up to Rs. 4, 44,200.
• Transport allowance exemption to be increased to Rs. 1,600 per month.
• Rs. 50,000 contribution to new pension scheme. "To make India a pensioned society."
• Additional deduction of Rs. 25,000 for differently abled persons.
• Increase in limit of deduction of health insurance premium of Rs. 15,000 to Rs. 25,000. For senior citizens, limit will be Rs. 30,000. Very senior citizens - Rs. 30,000 deduction on expenses incurred.
• 2 per cent cess on services for Swachch Bharat.
• 100 per cent deduction for contribution to Swachch Bharat and Clean Ganga schemes.
• Service Tax rate increased to 14 per cent.
• Yoga to be included under charitable activities.
• Individual taxpayer can get benefits up to Rs. 4, 44,200.
• Transport allowance exemption to be increased to Rs. 1,600 per month.
• Rs. 50,000 contribution to new pension scheme. "To make India a pensioned society."
• Additional deduction of Rs. 25,000 for differently abled persons.
• Increase in limit of deduction of health insurance premium of Rs. 15,000 to Rs. 25,000. For senior citizens, limit will be Rs. 30,000. Very senior citizens - Rs. 30,000 deduction on expenses incurred.
• 2 per cent cess on services for Swachch Bharat.
• 100 per cent deduction for contribution to Swachch Bharat and Clean Ganga schemes.
• Service Tax rate increased to 14 per cent.
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