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Now invest up to Rs 1.5 lakh in PPF

Now invest up to Rs 1.5 lakh in PPF

Last Updated: Wednesday, August 20, 2014, 20:12

People can now deposit up to Rs 1.5 lakh annually in their Public Provident Fund (PPF) with the government notifying changes in the popular savings scheme.

Budget has brought clarity in tax policies: FinMin

Last Updated: Saturday, July 12, 2014, 17:21

Government on Saturday said the Budget 2014-15 has brought about clarity in tax policies and it will walk the difficult path to bring growth impulses back into the economy amidst fiscal constraints.

Individual tax payers get relief of Rs 50 K in Jaitley’s Budget

Last Updated: Thursday, July 10, 2014, 19:22

Finance minister scaled down his own wishlist and proposed only Rs 50,000 relief for individual tax payers.

Union Budget 2014-15: Income tax sops in budget, smokers will pay more

Last Updated: Thursday, July 10, 2014, 18:39

In post-budget comments, the minister said there will be no fresh liability but also ruled out refunding taxes collected over the last 30 or 40 years.

Union Budget 2014-15: How will it affect you?

Last Updated: Thursday, July 10, 2014, 15:48

Investment limit under Section 80C of the Income-Tax Act has also been raised from Rs 1 lakh to Rs 1.5 lakh which will encourage savings to some extent.

Hike income tax exemption limit to Rs 3 lakh: PwC

Last Updated: Thursday, July 03, 2014, 20:53

The budget should raise basic exemption limit to Rs 3 lakh from Rs 2 lakh and also introduce a special basic exemption for women at Rs 3.25 lakh beyond which they will come into the tax bracket, the consultancy firm said.

FinMin may double tax exemption limit under 80C to Rs 2 lakh

Last Updated: Monday, June 30, 2014, 16:09

Seeking to boost household savings, the Finance Ministry is considering doubling the exemption limit for investments by individuals in financial instruments to Rs 2 lakh.

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.