HDFC Bank chief on suggestions made to Fin Min for upcoming Budget

New Delhi, Jan 13 (KNN) Banks and financial institutions have sought for increasing tax deduction limit to Rs 2.5 lakh from currently Rs 1.50 lakh under 80C of Income Tax Act and bringing down maturity period for tax-free fixed deposit schemes to one year to promote domestic savings.
 
During their pre-Budget meeting with Finance Minister Arun Jaitley, they also demanded tax should be deducted on interest of above Rs 50,000 as against current Rs 10,000.
 
HDFC Bank Chairman Aditya Puri spoke about various suggestions made to the Finance Minister. (Watch Full Video) (KNN Bureau)