Budget 2023 - New tax regime Smt Nirmala Sitharaman provides major relief in the personal income tax. The indirect tax proposals contained in the budget aim to promote exports enhance domestic value addition, encourage green energy and mobility. Personal Income Tax There are five major announcements relating to the personal income tax. The rebate limit in the new tax … [Read more...] about Budget 2023 Major relief in the personal income tax
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Income Tax Exemption Limit
Budget 2019 : Income Tax exemption limit raised to Rs. 5 lakh
Budget 2019 : Income Tax exemption limit raised to Rs. 5 lakh Finance Minister Piyush goyal has proposed that individuals with income upto Rs 5 lakh will not have to pay any income tax for FY2019-20. In the previous budgets also, the Narendra Modi led-government provided tax relief to taxpayers. In Budget 2014, the minimum tax-exemption limit was raised from Rs 2 … [Read more...] about Budget 2019 : Income Tax exemption limit raised to Rs. 5 lakh
Raise income tax exemption limit to Rs 5 lakh: Unions
Raise income tax exemption limit to Rs 5 lakh: Unions New Delhi: Trade unions today asked the government to increase the income tax exemption limit to Rs 5 lakh and the minimum wage to Rs 18,000 besides raising the minimum monthly pension to Rs 3,000 for all. They also sought a special package for victims of the recent Tamil Nadu floods. These demands were raised under … [Read more...] about Raise income tax exemption limit to Rs 5 lakh: Unions
Tax Relief To Family Members of Differently Abled: Section 80DD of IT Act
Tax Relief To Family Members of Differently Abled: Section 80DD of IT Act Press Information Bureau Government of India Ministry of Finance 24-April-2015 17:39 IST Tax Relief To Family Members of Differently Abled Section 80DD of the Income Tax Act, 1961, inter alia, provides for a deduction to an individual or HUF, who is a resident in … [Read more...] about Tax Relief To Family Members of Differently Abled: Section 80DD of IT Act
Rates for deduction of income-tax at source from “Salaries”, computation of “advance tax” and charging of income-tax in special cases during the financial year 2015-2016.
Rates for deduction of income-tax at source from “Salaries”, computation of “advance tax” and charging of income-tax in special cases during the financial year 2015-2016. The rates for deduction of income-tax at source from “Salaries” during the financial year 2015-2016 and also for computation of “advance tax” payable during the said year in the case of all categories of … [Read more...] about Rates for deduction of income-tax at source from “Salaries”, computation of “advance tax” and charging of income-tax in special cases during the financial year 2015-2016.
Income Tax Expectations – Assocham Survey: Here’s What India Wants
Income Tax Expectations: Here's What India Wants A survey carried out by industry body Assocham has found that a majority of salaried employees want Finance Minister Arun Jaitley to increase the income tax exemption in the forthcoming Budget. A hike in income tax exemption from Rs. 2.5 lakh to Rs. 3 lakh will lead to savings of up to Rs. 5,000 for those who fall in the … [Read more...] about Income Tax Expectations – Assocham Survey: Here’s What India Wants
NMC urges FM to raise IT exemption limit to Rs 5 lakh, exclude DA from IT calculation, Merge DA in Basic Pay & Pension etc
NMC urges FM to raise IT exemption limit to Rs 5 lakh, exclude DA from IT calculation, Merge DA in Basic Pay & Pension etc The National Mazdoor Conference today asked Union Finance Minister Arun Jaitley to raise the income tax exemption limit to Rs 5 lakh. "We urged Union Finance Minister to raise the Income Tax exemption limit to Rs five lakh," National Mazdoor … [Read more...] about NMC urges FM to raise IT exemption limit to Rs 5 lakh, exclude DA from IT calculation, Merge DA in Basic Pay & Pension etc
Expected Potential Relief in Income Tax – 10% Tax on 3 to 10 Lakh
Income Tax Exemption Limit can be increased upto Rs 3 Lac Finance minister Arun Jaitley may announce during the Budget The Modi government may declare a raise in the Income Tax Exemption limit from the current 2.5 lacs to 3 lacs. Finance Minister Arun Jaitley may announce an increase in the Income Tax Exemption limit to 3 lacs in the 2015-16 budget meeting, which will … [Read more...] about Expected Potential Relief in Income Tax – 10% Tax on 3 to 10 Lakh
Salaried women to get higher income tax exemption in the Budget 2014
Salaried women to get higher income tax exemption in the Budget 2014 Good news for salaried women! Narendra Modi Government is considering higher income tax exemption limit for women in the budget for 2014-15. Finance minister Arun Jaitley is restructuring tax slabs and is thus set to approve a proposal to raise the tax exemption limit to Rs 3 lakh from existing Rs 2 … [Read more...] about Salaried women to get higher income tax exemption in the Budget 2014
Raise IT Exemption to 5 Lakh, Merge DA, Scrap NPS, Funds for Interim Relief: NC(JCM) writes to Finance Minister
NC(JCM) Secretary writes to FM regarding the important major issues of Central Govt Employees as Pre-Budget Consultation:- Shiva Gopal Mishra Secretary National Council (Staff Side) Joint Consultative Machinery Central Government Employees 13-C, Ferozshah Road, New Delhi – 110001 No.NC/JCM/2014 Dated: June 17, 2014 Hon’ble Minister of Finance, (Government of India), … [Read more...] about Raise IT Exemption to 5 Lakh, Merge DA, Scrap NPS, Funds for Interim Relief: NC(JCM) writes to Finance Minister
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