How tax benefits for individual below 60 years ???????

A tax (from the Latin taxo; "rate") is a financial charge or other levy imposed upon a taxpayer (an individual or legal entity) by a state or the functional equivalent of a state to fund various public expenditures. A failure to pay, or evasion of or resistance to taxation, is usually punishable by law.
Here's how tax benefits for individual below 60 years add up to Rs 4,40,200 as claimed by Finance Minister Arun Jaitley:

Basic exemption limit: Rs 2.5 lakh
Deduction under Section 80C: Rs 1.5 lakh
Deduction under Sec 80D: Rs 25,000 (up from Rs 15,000)
Increase in transport allowance from Rs 800 to Rs 1,600: Rs 19,200
Rs 2.5 lakh + Rs 1.5 lakh + Rs 25,000 + Rs 19,200 = Rs 4,44,200


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