As per Union Budget of financial year 2016-17, the following revisions are supported, with effect from April 01, 2016:
● Change in Slab Rate of Surcharge from 12% to 15% on tax slab of Rs. 1,00,00,000.
● Change in Slab Value of Tax Rebate U/s 87A from Rs. 2,000 to Rs. 5,000 .
● Change in exemption limit of Interest on Housing Loan from Rs. 1,00,000 to Rs. 50,000 .
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