New expectations dating inc

However, matching these expectations will be a challenge.

Already, as per the Budget estimates, the top 10 tax incentives will result in a revenue loss of Rs 75,252 crore this year .

I also want the interest income exempt under Section 80TTB, from bank savings accounts, fixed deposits and post office deposits, to be raised to Rs 1 lakh for senior citizens, up from Rs 50,000 now.

Introduction of a separate deduction limit for medical expenses is real need for senior citizens as they incur huge expenses on medicines and are typically not covered by health insurance.

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This tenure has remained unchanged since 2006 whereas tuition fees of top B-schools has risen sharply since.It could become a permanent retirement account from which investments across multiple asset classes can be made annually.Considering inflation, a hike in limit for tax deductible savings is justified, but would result in a big tax loss.Will people’s expectations burn a big hole in the exchequer?Many people want the basic tax exemption for general taxpayers to be raised to Rs 3 lakh.

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