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Govt raises HRA deduction limit to Rs 60,000 for rent payers

In a relief to individual tax payers, Finance Minister Arun Jaitley today increased the tax deduction limit to Rs 60,000 per annum from the current Rs 24,000 on the housing rent.

Office space leasing dips 15% in H1: Cushman & Wakefield

"Office markets in India registered a downward trend in absorption in the first half of the year (January-June 2013)," Cushman & Wakefield said in a statement.