For individuals
- Tax slab on personal income remains unchanged.
- Income tax exemption limit raised by Rs 50,000 to Rs 2.5 lakh and for senior citizens to Rs 3 lakh.
- Exemption limit for investment in financial instruments under 80C raised to Rs 1.5 lakh from Rs 1 lakh.
- Investment limit in PPF raised to Rs 1.5 lakh from Rs 1 lakh.
- Deduction limit on interest on loan for self-occupied house raised to Rs 2 lakh from Rs 1.5 lakh.
- Kisan Vikas Patra to be reintroduced, National Savings Certificate with insurance cover to be launched.
- Long term capial gain tax for mutual funds doubled to 20 pc; lock-in period increased to 3 years.
- Mandatory wage ceiling of subscription to EPS (Employee Pension Scheme) raised from Rs 6,500 to Rs 15,000.
- Minimum pension increased to Rs 1,000 per month.
- LCD, LED TV become cheaper.
- Cigarettes, pan masala, tobacco, aerated drinks become costlier.
Abul Kalam Azad says
actual income tax limit raised by Rs=30,000/ because there is an addl tax rebate of Rs=2000/ upto the income of Rs=5,00,000/.
md.jamaluddin says
Teachers are ignored in westbengal . no teachers are getting D.A. like other states.Not only this para teachers are performing duty like permanent assistant teacher but they are deprived of getting of handsome salary like other teachers.
sanjib dey says
Absolutely correct. We , the primary teachers, are deprived of our deserved salary although performing duties diligently. Moreover, facing additional hazards, due to ever changing political equations. Is this our extra rewards ?……..
md jamaluddin says
It is not a genaral baget .this is for special. in the buget teachers are ignored.