https://www.taxtmi.com/article/detailed?id=7870 Budget proposals restore a standard deduction for salary income, remove transport allowance and medical reimbursement exemptions, and set slab-based rates for non-seniors. For senior and very senior residents, the proposals increase section 80D health insurance and check-up limits, raise section 80DDB deductions for specified disease treatment, introduce section 80TTB for higher interest deduction (displacing 80TTA), amend section 194A TDS thresholds, and apply the standard deduction. Surcharge bands are increased and a Health and Education Cess replaces the prior education cess. en-us Wed, 07 Feb 2018 07:04:51 +0530 Wed, 07 Feb 2018 07:04:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7870 Budget proposals restore a standard deduction for salary income, remove transport allowance and medical reimbursement exemptions, and set slab-based rates for non-seniors. For senior and very senior residents, the proposals increase section 80D health insurance and check-up limits, raise section 80DDB deductions for specified disease treatment, introduce section 80TTB for higher interest deduction (displacing 80TTA), amend section 194A TDS thresholds, and apply the standard deduction. Surcharge bands are increased and a Health and Education Cess replaces the prior education cess. Articles Budget - Tax Proposals Wed, 07 Feb 2018 07:04:51 +0530 https://www.taxtmi.com/article/detailed?id=7870