Hyderabad, Jan. 31 -- With demand slowing, Telangana's industry leaders are urging the Union government to introduce tax reliefs in the upcoming budget to spur economic growth and strengthen purchasing power.

The Confederation of Indian Industry (CII) Telangana and the Federation of Telangana Chambers of Commerce & Industry (FTCCI) are calling for income tax breaks and industry incentives.

CII Telangana chairman, Sai D Prasad, has called for increasing income tax exemption limits and allowing a 100 per cent interest deduction on home loans to boost the real estate sector and disposable incomes. He also suggested simplifying the tax code by reducing surcharges and cess.

FTCCI has proposed extending House Rent Allowance (HRA) exemptions ...