Eye on savings, govt gives higher deductions

Jul 11 2014, 10:00 IST
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SummaryAmount saved can be up to Rs 35,000 from April 2015.

in PPF scheme from present Rs 1 lakh to Rs 1.5 lakh and investors can utilise the limit for tax saving under Section 80C.

In another move to make it easier for investors to make investments the finance minister announced to make KYC uniform across the entire financial sector. He also said that a single operating demat account will be introduced that will allow transactions of all financial assets.

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