Hyderabad, Jan. 29 -- The Federation of Telangana Chambers of Commerce and Industry (FTCCI) has submitted its Pre-Budget Memorandum 2025-26, outlining various recommendations related to trade, industry, and salaried employees.
Considering the rising cost of essential needs, FTCCI has recommended a reduction in tax rates and an income tax rebate for individuals earning up to Rs 9 lakh, a long-pending demand.
Regarding allowances and deductions, the organization has suggested including home loan EMI payments under HRA exemptions and increasing the deduction limits under Sections 80C and 80D in recognition of the growing importance of life and health insurance and the rising cost of premiums.
Given India's position as the global leader in d...