Finance Minister P Chidambaram also announced that insurance companies would be allowed to open branches in Tier-II and below cities without the prior approval of the Insurance Regulatory and Development Authority of India.
Loans up to Rs 25 lakh for the first home will be eligible for an additional tax deduction of Rs 1 lakh for interest payments.
Finance Minister P Chidambaram has proposed a 10 per cent surcharge on individual income of over Rs 1 crore in Budget 2013.
Finance Minister P Chidambaram has left income tax slabs and rates unchanged but announced a tax credit of Rs 2,000 for those with income up to Rs 5 lakh.
Investing in stocks will be cheaper now with Finance Minister P Chidambaram proposing a cut in the securities transaction tax, or STT
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