 "How the Budget will impact savings & debt investments")
With Parliament passing the Budget, the new tax rules will now come into effect, after the President's assent. Individuals stand to gain from the increased limits under Section 80C and interest on home loans. But they will lose out due to additional taxation and increased tenure of debt mutual funds. In addition, the calculation of dividend distribution tax has been made more stringent. Business Standard provides a snapshot of the Budget's impact on income tax and on debt fund taxation.
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