Income Tax proposals: Union #Budget2014: - Surcharge, Cess - TopicsExpress

Income Tax proposals: Union #Budget2014: - Surcharge, Cess remains the same - Housing loans exemption increased to Rs 2 lakh - 10 year tax holiday for power firms - Investment limit under 80 (C) increaded to Rs. 1.5 lakh - IT expemtion increased to Rs. 2.5 lakh; Rs 3 lakh for senior citizens - Relief to individual tax payers - Investment allowance at 15% for 3 yrs for manufacturing companies which invest more than Rs. 25 cr in plant and machinery Follow live updates here - thne.ws/THBudget #THBudget

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