https://www.taxtmi.com/article/detailed?id=1625 Proposals would raise the personal income tax exemption threshold and adjust tax slab ceilings; increase interest deduction for self occupied housing and expand investment-linked deductions including infrastructure bond incentives and higher aggregate savings deductions; remove the deemed let out rule for second self occupied properties to avoid notional rental taxation; and raise exemption limits for HRA, transport and children's education allowances as well as medical reimbursement, aligning some measures with the proposed Direct Tax Code and easing tax burden on salaried taxpayers. en-us Thu, 15 Mar 2012 17:38:09 +0530 Thu, 15 Mar 2012 17:38:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1625 Proposals would raise the personal income tax exemption threshold and adjust tax slab ceilings; increase interest deduction for self occupied housing and expand investment-linked deductions including infrastructure bond incentives and higher aggregate savings deductions; remove the deemed let out rule for second self occupied properties to avoid notional rental taxation; and raise exemption limits for HRA, transport and children's education allowances as well as medical reimbursement, aligning some measures with the proposed Direct Tax Code and easing tax burden on salaried taxpayers. Articles Income Tax Thu, 15 Mar 2012 17:38:09 +0530 https://www.taxtmi.com/article/detailed?id=1625