[12:59pm, 10/07/2014]Tax-free threshold raised from Rs 2 lakh per annum to Rs 2.5 lakh. Investment limit under 80C raised to Rs 1.5 lakh. Exemption on housing loan interest raised from Rs 1.5 lakh to Rs 2 lakh. Tax slabs to remain the same (except income tax applies from Rs 2.5 lakh onward). [2:17pm, 10/07/2014] In a move that will come as a big blow to the mutual fund industry, the FM has increased long-term capital gains tax on debt mutual funds from 10 percent to 20 percent while the holding period has been increased from 12 months to 36 months. [13:58, 7/10/2014] No service tax on insurance policies upto SA 50000 There is two policies of minimum SA of 50000 817 and 816.
Posted on: Thu, 10 Jul 2014 10:16:42 +0000
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