Although businessmen and professionals are entitled to various deductions while computing their taxable incomes, the salaried class hardly has any such avenues, other than investment-linked reliefs.         Following are the Pros and Cons of the Budget 2016-   PROS   As per the Finance Bill 2016, Though IT exemption slabs remained unchanged, […]

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While making no change in personal Income Tax slabs in the Union Budget 2016-17, Finance Minister Arun Jaitley announced the much awaited additional deduction for interests on home loans, as the costs of housing units have increased much over the recent years.  By introducing an additional deduction of Rs 50,000 in the Budget 2016 proposal, […]

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