The current limit for income tax deductions is Rs2 lakh, which may be raised to Rs2.5 lakh but only for those who invest in government infrastructure projects
3 min read25 Jan 2018The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared