maintaining fiscal discipline and growth measures the reduction in personal tax rates will help increase consumption spend in the economy the focus on agriculture and rural sector is a welcome and necessary move he said vij rc cent over the next four years along with corresponding phasing out of exemptions and deductions beginning from 201617 rsn cs bal adi mr of the salaried individual which is dependent on salary available for disbursement standard deduction which was available to the salaried individuals on their taxable income was abolished with effect from assessment year 200607 months worth of expenses in your savings account as emergency moneythis is what you need to do as far as your savings and investments go in 2028 or 2018 or 2022 or anything actually and thats the whole point regardless of what the formulaic yeargoneyearahead coverage in the media says if you have a personal savings strategy that needs yeartoyear adjustment then theres something wrongthe author is the founder and ceo of value research