Last Updated: Saturday, July 12, 2014, 19:35
Finance Minister Arun Jaitley today promised more concessions in income tax when the economy improves.
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.
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.
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.
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.
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.
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.
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.
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.
Last Updated: Thursday, June 19, 2014, 19:29
After Sikh community sought exemption for women pillion riders from wearing helmets, some Muslim groups have also demanded the same relief for burqa-clad women riding pillion in the capital.
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.
Last Updated: Sunday, April 27, 2014, 14:50
The government will look into the abolishment of income tax exemptions to charity organisations in its budgetary exercise for the year 2014, according to an RTI response from the Central Board of Direct Taxes.
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