1. The only major benefit secured by common man is that first time home buyers to get deduction for additional interest of Rs. 50,ooo a year for loans upto Rs. Lakh

2. Affordable housing projects have been given 100% income tax and service tax exemptions. The benefits of low project cost on account of no taxes are expected to go to common man.

3. Partial tax on savings in Employee Provident fund introduced.

4. No changes in tax rate.

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PrepMate