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More tax concessions when economy improves: Finance Minister

Last Updated: Saturday, July 12, 2014, 19:35

Finance Minister Arun Jaitley today promised more concessions in income tax when the economy improves.

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: 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.

AIBEA seeks hike in tax exemption on bank deposit interest to Rs 25K

Last Updated: Thursday, June 26, 2014, 20:35

Bank employees body AIBEA has demanded an increase in the exemption of tax on interest earned on bank deposits to Rs 25,000 from Rs 10,000 at present from the government in its maiden Budget next month.

General insurance firms want tax sops to boost health cover

Last Updated: Sunday, June 22, 2014, 12:57

Right now government is almost paying from tax payers' money for any losses out of natural disasters as people are not accustomed to buy such cover.

Budget and You

Last Updated: Wednesday, June 11, 2014, 14:07

The decision of the Finance Minister will be closely watched by all and sundry, here is the list of most awaited announcements.

EC seeks cancellation of tax benefits to 10 political parties

Last Updated: Sunday, April 20, 2014, 09:40

The Election Commission has sought withdrawal of tax exemption benefits to ten political parties from the CBDT on the grounds that they failed to submit their mandatory expenditure contribution reports on time to the poll body.

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.

EPFO panel grant regular tax exemption to 68 private PF trusts

Last Updated: Friday, March 28, 2014, 21:40

An empowered committee of the retirement fund body EPFO on Friday approved granting regular tax exemption to 68 private provident fund trusts, which would provide tax benefits for subscribers of these firms.