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DTC draft retains exemption limit; proposes 35% super-rich tax

Last Updated: Tuesday, April 01, 2014, 21:34

The fresh draft of the DTC Bill, posted on the website of the Finance Ministry on Tuesday, has lowered the age for tax exemption for senior citizens to 60 years from 65 years.

New house rent allowance exemption rule: How it will affect you

Last Updated: Thursday, December 05, 2013, 13:55

In conversation with <b>Reema Sharma</b> of ZeeBiz.com <b>Tarun Gupta</b>, Managing Director, Mangla Consulting explains the details of how to go about claiming the HRA exemption.

New HRA exemption rule: How it will affect you

Last Updated: Saturday, November 23, 2013, 11:51

Many employees are finding it difficult to arrange for the new formalities while claiming their HRA exemption.

Cabinet likely to consider DTC Bill today

Last Updated: Thursday, August 22, 2013, 09:00

The exemption limit at Rs 2 lakh for individual tax payers is unlikely to be touched, but a new slab of 35 percent may be introduced for the super-rich.

Budget 2013: Salaried class wants IT exemption limit raised

Last Updated: Wednesday, February 13, 2013, 14:32

Over 89 percent of respondents said the slab of tax free income has not moved up in line with real inflation.

Unions pitch for hiking I-T exemption limit to Rs 5 lakh/annum

Last Updated: Tuesday, January 08, 2013, 22:54

Trade unions have demanded 12 percent interest on PF contributions of employees and a hike in income tax exemption limit to Rs 5 lakh in their pre-budget meeting with Finance Minister P Chidambaram.

Unions pitch for hiking I-T exemption limit to Rs 5 lakh/annum

Last Updated: Thursday, January 03, 2013, 20:49

Trade unions Thursday demanded 12 percent interest on PF contributions of employees and a hike in income tax exemption limit to Rs 5 lakh in their pre-budget meeting with Finance Minister P Chidambaram.

Direct, indirect tax reforms to miss deadline: Mukherjee

Last Updated: Friday, March 16, 2012, 13:19

Implementation of the Direct Tax Code (DTC), the proposed reforms in the direct tax system, will miss the deadline of April 1, 2012, Finance Minister Pranab Mukherjee said Friday.

Mukherjee's budget promises tax relief, subsidy cut, reforms

Last Updated: Friday, March 16, 2012, 13:16

Tax relief to individuals, promise to curb black money, major push on infrastructure, capital market reforms and huge subsidy cut were among proposals listed by Finance Minister Pranab Mukherjee in the federal budget for 2012-13.

Tax payers may get some relief in Union Budget

Last Updated: Thursday, March 15, 2012, 18:47

Tax payers will be looking forward to some relief from Finance Minister Pranab Mukherjee who is expected to raise the income tax exemption limit to at least Rs 2 lakh in his budget proposals to be unveiled in the Lok Sabha on Friday.

Majority of staff expects tax exemption limit to Rs 3L: Survey

Last Updated: Sunday, March 11, 2012, 15:55

A majority of employees surveyed expect Finance Minister Pranab Mukherjee to increase the income tax exemption limit to Rs 3 lakh in the upcoming Budget, in line with rising inflation, Assocham has said.

Majority of staff expects tax exemption limit to Rs 3L: Survey

Last Updated: Sunday, March 11, 2012, 15:55

A majority of employees surveyed expect Finance Minister Pranab Mukherjee to increase the income tax exemption limit to Rs 3 lakh in the upcoming Budget, in line with rising inflation, Assocham has said.