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List of Relief Hike and Schemes undertaken in Union Budget 2016-17
- Ceiling under 87A to be increased to Rs. 3,000.
- Lowering of Corporate IT rate for companies not exceeding Rs. 5 crore turnover to 25% plus surcharge.
- Tax holiday for startups for three of five years of setting up the 40% of withdrawal at the time of retirement under National Pension Scheme to be tax exempt.
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