Here`s how much inflation has axed your tax benefits in last 6 yrs
Sat, Dec 15, 2012 at 10:26
There are several deductions and benefits available to individuals under the Income Tax Act. However, one major point that has been witnessed with respect to many of these is that the value of the actual amount available as a deduction has actually eroded quite significantly in recent times; courtesy inflation.
Arnav Pandya examines a few of these benefits that have suffered big losses in value in real terms, especially when compared to the actual intent of its presence.