This is a good news for everyone , specially salary class and common taxpayers who were till now had the facility of tax deduction savings u/s 80C up to Rs 1,50,000. So, even even if you wish to save more, the tax benefits u/s 80C is over . However , starting Financial Year 2015-16, the tax payers have an option to save over and above Rs 150000 and claim tax deduction on that amount also.
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