Confederation of Central Government Gazetted Officers’ Organisations (CCGGOO) appeals to the Honourable Finance Minister, Shri. Arun Jaitley to increase personal Income Tax exemption limit in the Budget for 2017-18.
Raise in the current basic exemption limit From Rs.2.5 lakhs to Rs. 5 lakhs.
Change in tax slabs.
Raise exemption limit for allowances.
Exemption of Dearness Allowance from Income.
Increase in the deduction under Section 80C.
Restoration of deduction for investment in infrastructure bonds.
Improvement in incentives for NPS investment.
Introduce interest subvention on housing loans.