Union Budget 2016 - Personal Finance

Updated: 29/Feb/2016 3:55:06 PM

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Rs 1,000 crore allocated for new EPF (Employees Provident Fund) scheme
Govt. will pay EPF contribution of 8.33 percent for all new employees for first three years
Deduction for rent paid will be raised from Rs 20,000 to Rs 60,000 to benefit those living in rented houses.
Additional exemption of Rs. 50,000 for housing loans up to Rs. 35 lakh, provided cost of house is not above Rs. 50 lakh.
Service tax exempted for housing construction of houses less than 60 sq. m