As far as taxation is concerned, it is good that FBT scrapped and bad that only Rs 10,000 exemption limit is increased ( it is just for gaining populasisam).
I don't think that this budget is good for salary employed person.. Income tax limit is just increased by Rs.10000/-. There is another new deduction intorduced under section 36(1)(vii) to national housing bank. Is there any one explain me what type of deduction is this and for whom this deduction is applicable??????