<div>In an attempt to curb investment in gold, Finance Minister P Chidambaram on 28 February announced three measures to encourage the common man to invest in other avenues. The FM also introduced a surcharge of 10 per cent on persons with income above Rs 1 crore for a year. Further, While making Rajiv Gandhi Equity Saving Scheme (RGESS) more liberalised, Chidambaram also introduced inflation indexed bonds.<br /><br />In a move that will bring cheer to many prospective home-owners, Chidambaram also announced incentives for home loan borrowers. Chidambaram said that any person taking a first time home loan up to Rs 25 lakh during the financial year 2013-14 will be allowed an additional tax deduction of interest of up to Rs 1 lakh.<br /> <br />A look at the impact of Union Budget 2013 on your personal finance.<br /><a href="/image/image_gallery?uuid=b444c89d-17e9-49b0-b1bf-3fa31d71fd06&groupId=36166&t=1362838285690"><img width="201" vspace="8" hspace="8" height="507" align="left" alt="" src="/image/image_gallery?uuid=d5148e7f-dd9c-4a97-9d38-692c6c9cca22&groupId=36166&t=1362838239198" /></a></div>