budget overview

1. No changes in personal income tax slabs. 2. Salaried tax-payers to get a standard deduction of ₹40,000 in lieu of transport allowance and “other medical expenses”. 3. ₹2,000-crore fund for development of agriculture markets. 4. All senior citizens will now be able to claim the benefit of a deduction of ₹50,000 for any medical […]