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Union Budget, July 10th -2014 (Govt: NDA, Finance Minister: Arun Jaitley)
1. Personal tax exemption limit increased from the current Rs 2 lakhs to Rs 2.5 lakhs.
2. Income tax exemption limit for senior citizens has been raised to Rs 3 lakhs.
3. Investment limit under Section 80C has been hiked from current 1 lakh to Rs 1.5 lakhs.
4. Housing loan interest exemption has also been increased from Rs 1.5 lakhs to Rs 2 lakhs.
5. Bug fix