Tax proposals for middle class: Deduction for rent payers increased to Rs 60,000; first time loan takers get Rs 50,000 rebate
The Finance Minister also announced deduction for additional interests of Rs.50,000 per annum for loans up to Rs.35 lakh sanctioned in 2016-17 for first time home buyers, where house costs does not exceed Rs.50 lakh.
Feb 29, 2016, 13:17 PM IST