Tax Benefits upto Rs. 4,44,200/- to individual tax payer - Arun Jaitley

Dear Readers.

 During his Budget speech, Hon'ble Finance Minister Arun Jaitley said an individual tax payer can claim tax benefits for up to Rs. 4,44,200 in addition to the tax exemption.

Here is how you get there:
# Deductions under 80C Rs.1,50,000
# Deductions under 80CCD for contribution to NPS Rs. 50,000
# Interest on house property loan Rs. 2,00,000
# Exemption with new transportation allowance of Rs. 1,600 per month totalled to Rs. 19,200 p.a.
# New deductible health insurance premium: Rs. 25,000
--> Total Rs. 4,44,200

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