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Union Budget 2015 Fails to be at Par with Soaring Hopes of the Majority

currencyNew Delhi, Monday, March 2 – It has been a couple of days when Union Finance Minister Arun Jaitley presented keenly awaited Union Budget 2015. Despite the fact that it received mixed reactions from employees, investors, business people, senior citizens and homemakers, the budget disappointed the masses in totality.

Since people expected tax exemption to increase a bit further in the range of INR 3 lakh to INR 3.5 lakh, keeping in mind the last year’s increase from INR 2 lakh to INR 2.5 lakh, no signs of tax relief let their hopes down.

The lately proclaimed budget failed to meet expectations of the employees working in different organizations, particularly in terms of savings.  Amid all, the announcement related to the health insurance premium deduction that surged from INR 15,000 to INR 25,000 and INR 30,000 for senior citizens brought smile on a few faces.

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