<h1>SBI Report Recommends Raising Income Tax and Housing Loan Interest Exemptions; Highlights Need for Agricultural and MSME Support.</h1> A State Bank of India (SBI) report suggests increasing the income tax exemption limit to Rs. 3 lakh, benefiting around 75 lakh taxpayers, following the rise in disposable income due to the 7th Pay Commission. It also proposes raising the housing loan interest exemption to Rs. 2.5 lakh, benefiting 75 lakh home loan buyers at a cost of Rs. 7,500 crore to the government. The report advocates for incentivizing savings by exempting savings bank deposit interest and adjusting tax-saving deposit terms. It emphasizes prioritizing agriculture, MSME, infrastructure, and affordable housing, with specific recommendations for agricultural reforms and investment revival strategies.