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Union Budget Highlights

Team Greytip is pleased to bring you salient budget highlights as follows:

  • Income tax exemption limit raised by Rs 50,000 to Rs 2.5 lakh for those below 60 years of age 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
  • Mandatory wage ceiling of subscription to EPF (Employees’  Provident Fund) raised from Rs 6,500 to Rs 15,000

To know more about this, click here

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2 Comments

  • 0
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    admin

    From which month EPF Ceiling limit will increase?

  • 0
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    Kavya

    We have not received the notification from the PF department regrading effective date of the limit changes. Once we got the notification from the department, we will intimate to you and update the required changes in the application also.

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