Let’s look at some positives since 2014. The limit for deduction under section 80C has been increased from Rs 100,000 to 150,000, and the limit for deduction of interest payment on loan taken for a self-occupied house was increased from Rs 150,000 to Rs 200,000. The tax rate for the slab between Rs 250,000 to Rs 500,000 has been brought down from 10 per cent to 5 per cent. In addition, some tinkering has been done with the National Pension Scheme to bring it closer to the tax status of Employee Provident fund.