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Income Tax Slab 2013-14

Aug 22, 2014 at 17:44 | Source: PTI
KV Chowdary, Chairman of CBDT said the net income tax collection during the first four months stood at over Rs 1.51 lakh crore after accounting refunds of nearly Rs 54,000 crore
Jul 21, 2014 at 12:26 | Source: PTI
The government estimates to garner Rs 13.64 lakh crore from both direct and indirect tax collection during the current fiscal. During 2013-14, tax collection fell short of target by a whopping Rs 77,000 crore.
Jul 15, 2014 at 16:10 | Source: Moneycontrol.com
Tax slab increased to Rs. 2.5 Lakhs for citizen and Rs 3 lakhs for senior citizen. Income earned by an individual is chargeable to tax as per the slab they fall in. Individuals below the age of 60, exemption limit was previously Rs. 2 Lakhs which has been increased to Rs. 2.5 Lakhs.
Jul 15, 2014 at 12:59 | Source: Moneycontrol.com
Angel Commodities has come out with its analysis on Budget 2014-15. "The budget charisma is now done with and investors focus should move towards the monsoon progress in India, developments in the global market and in turn its impact on the Indian economy", says the report.
Jul 15, 2014 at 12:59 | Source: Moneycontrol.com
Microsec has come out with its analysis on Budget 2014-15. "Its a growth oriented Budget and India is on the path of MODIfication", says the research firm.
Jul 15, 2014 at 12:59 | Source: Moneycontrol.com
According to GEPL Capital, the budget was positive & showed the Governments intent to achieve the Fiscal Deficit target of 4.1% in FY15 & control expenditures. Fiscal Deficit prediction is 3.6% for FY16 & 3% for FY17, says the report.
Jul 15, 2014 at 12:59 | Source: Moneycontrol.com
Dolat Capital has maintained its positive stance on the markets though near term consolidation will be most likely scenario. Valuations at 14.6xFY16E are in the fair range. One can utilise corrections to add to the portfolio, says the report.
Jul 14, 2014 at 19:11 | Source: Moneycontrol.com
CARE Ratings has come out with its analysis on the Union Budget 2014-15. "GDP growth is likely to be in the range of 5.4% - 5.9%", says the rating agency.
Jul 14, 2014 at 18:49 | Source: Moneycontrol.com
The union budget 2014 is positive for the equity market due to the steps taken to encourage foreign portfolio investments and attract domestic household savings into financial savings instruments Moreover, we expect policy announcements outside of the budget, says Sharekhan.
Jul 14, 2014 at 18:48 | Source: Moneycontrol.com
In a nutshell, Budget simplifies doing business in India, increases cap on FDI which will attract long term foreign funds into the economy. With all ingredients of growth in place, economy is set for good times in the foreseeable future, says Aditya Birla Money.
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