Deduction

Budget 2015: 9 things FM Jaitley should do to help the taxpayer save more

As this Budget will be the first full-fledged budget by the new government, the expectations all around are high

Budget 2014: Six terms you should watch out for

In English the word budget simply means, where money comes from and where money goes. Loosely put the Union Budget is pretty much the same thing. But, for the sake of those who are new to this and want to understand what the FM speaks. Read on.

Budget 2013 wishlist: FM should increase tax exemption cap

A maximum deduction of Rs 1,50,000 is available for interest paid on housing loan. The property price and interest rates have increased substantially over years. There is a need to revise this limit of deduction.

Readers, you must know the difference between exemption and deduction

Even as you warm up for the Union Budget to be delivered by the country’s finance minister, it’s about time, you have clarity on a few budget-related words.