04/01/2016
Demands Assocham Raise Tax Deduction Limit
http://economictimes.indiatimes.com/news/economy/policy/budget-2016-raise-tax-deduction-limit-for-long-term-savings-to-rs-2-5l-demands-assocham/articleshow/50424639.cms
Govt should hike tax-exempted savings limit to Rs 2.5 lakh from Rs 1.5 lakh at present, and re-introduce standard deductions for salaried employees to boost consumption, Assocham said.