https://www.taxtmi.com/article/detailed?id=5720 Budget raises the personal income tax exemption threshold and increases deductions under Section 80C and housing loan interest exemptions, while senior citizen exemption limits are enhanced. It reduces customs duty on certain small electronic displays and introduces a cess on some imported electronics, increases duties on certain consumer goods, and announces expanded FDI caps in insurance and defence. The package pairs a fiscal deficit target with specified plan outlays and targeted allocations for infrastructure, rural drinking water, agricultural stabilization, housing, smart cities, health and education, emphasizing fiscal prudence and revenue mobilisation. en-us Fri, 11 Jul 2014 15:02:37 +0530 Fri, 11 Jul 2014 15:02:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5720 Budget raises the personal income tax exemption threshold and increases deductions under Section 80C and housing loan interest exemptions, while senior citizen exemption limits are enhanced. It reduces customs duty on certain small electronic displays and introduces a cess on some imported electronics, increases duties on certain consumer goods, and announces expanded FDI caps in insurance and defence. The package pairs a fiscal deficit target with specified plan outlays and targeted allocations for infrastructure, rural drinking water, agricultural stabilization, housing, smart cities, health and education, emphasizing fiscal prudence and revenue mobilisation. Articles Income Tax Fri, 11 Jul 2014 15:02:37 +0530 https://www.taxtmi.com/article/detailed?id=5720