· Surcharge hiked for those earning above Rs.2 crore; higher deduction on home loan interest for low-cost housing
· Extra deduction for interest paid on loans taken in current FY for buying a house priced up to Rs.45 lakh
Finance minister maiden budget speech lasted for over two hours but she spent about five minutes on direct taxes. Clearly, after February’s populist Interim Budget, there was little room to offer more benefits. But the budget was not entirely without implications for taxpayers.
