Highlights of Union Budget 2014-15

Last updated: 12 July 2014

Direct Tax Proposals Personal Taxation Basic exemption limit to be increased from Rs. 2 lakhs to Rs. 2.5 lakhs for taxpayer below the age of 60 years and from Rs. 2.5 lakhs to Rs. 3 lakhs, in case of senior citizens. The existing limit of deduction under section 80C to be increased from Rs. 1 lakh to Rs. 1.5 lakhs. The annual ceiling limit for investment in Public Provident Fund to be increased from Rs. 1 lakh to Rs. 1.5 lakh. The deduction in respect of interest o
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Attached File : 40_14185_220_227_161_86_34085budget14_15idtc.pdf


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