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Budget 2016: Raise personal income tax exemption limit to Rs 4 lakh, demands Assocham Budget 2016: Raise personal income tax exemption limit to Rs 4 lakh, demands Assocham

The industry body also demanded additional incentives for savings and higher tax allowance for expenditure on education and health, quoting findings from its Aam Aadmi survey.

 

Short term savings schemes to fetch lower returns from April Short term savings schemes to fetch lower returns from April

Its bad news for investors! The interest rates on small savings schemes like NSC and some post office schemes with maturity up to five years are set to fall from April onwards.

Good news! Secretaries panel on 7th CPC likely to hike minimum basic pay Good news! Secretaries panel on 7th CPC likely to hike minimum basic pay

As per reports, central government employees are likely to expect basic pay hike of around 30%, which will be effective January 1, 2016.

India lightly taxed; help govt collect more: Sinha to CA

India is a "lightly taxed" nation, Minister of State for Finance Jayant Sinha said Thursday, urging CAs to help the government collect due taxes and raise the tax-GDP ratio to 20 percent.

PF deposits: Unions to press for 9% interest for FY16 PF deposits: Unions to press for 9% interest for FY16

The unions have decided to oppose any proposal to retain the existing rate of 8.75 percent for the current fiscal along with a uniform bonus of Rs 200 to all subscribers at meeting of the EPFO's trustees on February 16.

No interest on your PF deposits this year? No interest on your PF deposits this year?

What if you do not get any interest on your Employees Provident Fund account in 2015-16, but only get bonus on the same, provided you fulfill certain conditions?

I-T dept identifies up to 5,000 MNCs late on tax payments I-T dept identifies up to 5,000 MNCs late on tax payments

Income Tax Department has identified 4,000-5,000 foreign companies based in this megapolis that are not paying taxes on time, including due to tax disputes, and expects to soon recover from them dues totalling nearly Rs 8,000 crore.

Spurt in indirect tax mop up to help govt meet FY16 target Spurt in indirect tax mop up to help govt meet FY16 target

After two successive years of revising downward the tax revenue target, fiscal 2015-16 which ends on March 31 is likely to see tax revenue target of Rs 14.49 lakh crore being met.

 

How Budget 2016 may increase disposable income of aam aadmi How Budget 2016 may increase disposable income of aam aadmi

The Budget 2016-17 is expected to increase the income tax exemption tax limit, and offer more tax deductions

Don't share your PINs, passwords: I-T Dept tells taxpayers Don't share your PINs, passwords: I-T Dept tells taxpayers

Income Tax Department on Friday cautioned taxpayers not to share their PIN or password of mails saying it never ask for such details.

Tax deptt issues guidelines for e-communication to assessees

To ease communication with the Income-Tax department, the government has allowed tax payers to reply to notices using their registered email address.

7th Central Pay Commission: Good news! Ministries can raise afresh salary hike demand 7th Central Pay Commission: Good news! Ministries can raise afresh salary hike demand

Ministries and departments can raise afresh the demand for pay revision if they find that some of the justified suggestions made by the staff associations were not accepted by the 7th Central Pay Commission.

Stolen data issue impacts tax cooperation with India: Swiss government Stolen data issue impacts tax cooperation with India: Swiss government

Switzerland's tax cooperation with India is being negatively impacted over the "contentious" issue of sharing information based on illegally obtained data, according to the Swiss government.

 

Now, check your LIC policies, status and even buy new ones online Now, check your LIC policies, status and even buy new ones online

The Life Insurance Corporation of India (LIC) Monday launched its own insurance repository – LIC E-services -- which will allow its existing customers to check details of policies, including settlement status, online as well as buy new ones.

Unbelievable facts about PM Narendra Modi's wealth Unbelievable facts about PM Narendra Modi's wealth

 Prime Minister Narendra Modi does not seem to keep much cash in hand even as his total assets have gone up to Rs 1.41 crore -- largely due to a residential property that has appreciated by more than 25 times since purchase over 13 years ago.

Over 11 lakh file tax returns under special drive by IT department Over 11 lakh file tax returns under special drive by IT department

Over 11 lakh taxpayers have filed their IT returns for Assessment Year 2014-15 after the department tracked them under a special drive to identify those who have not filed their returns despite having an obligation to do so, according to official data.

Insurance industry seeks hike in tax exemption limit

Government should raise tax exemption limit for health insurance and introduce fiscal measures to help increase its penetration, say industry officials.

I-T emphasis on creating awareness on TDS I-T emphasis on creating awareness on TDS

Income Tax department is emphasising on creating greater awareness on tax deducted at source (TDS) compliance.

Congress should see reason, help GST pass, says Arun Jaitley Congress should see reason, help GST pass, says Arun Jaitley

Finance Minister Arun Jaitley Saturday hoped the Congress will "see reason" and help in passage of GST legislation, stuck in Rajya Sabha, in the Budget session of Parliament beginning next month.

Seems that 7th CPC award will be implemented after OROP! Seems that 7th CPC award will be implemented after OROP!

Call it a good news or bad news! The empowered committee of secretaries is likely to process the 7th CPC report only after the OROP will be executed