Nov 20, 2013 at 16:36 | Source: PTI
While the Bill proposes to keep exemption limit at Rs 2 lakh for individual tax unchanged, it proposes to introduce a fourth slab of 35 percent tax rate for those with an annual income of over Rs 10 crore.
Aug 21, 2013 at 21:30 | Source: CNBC-TV18
The cabinet is all set to consider the revised direct tax code (DTC) Bill soon. No change is likely in the tax exemption limit, but the bill proposes a new 35 percent tax slab for people with income exceeding Rs 10 crore per annum.
Jun 26, 2013 at 19:38 | Source: CNBC-TV18
The Finance Ministry may table the Direct Tax Code in the monsoon session of the Parliament. The code seeks the hike of income tax exemption and savings reduction limit.
May 07, 2013 at 19:32 | Source: Moneycontrol.com
It is well known fact that tax payers are now required to file their Income-tax Return for the Financial Year 2012-13 relevant to the Assessment Year 2013-14. These Income-tax Returns in most cases have to be filed by 31st July, 2013.
Mar 28, 2013 at 16:49 | Source: personalfn.com
Faced with intractable fiscal deficit situation, Finance Minister, in Union Budget 2013-14, has tried to pull out all the stops to bolster up revenue by plugging loopholes in taxation. However, this has resulted in some of most popular investments avenues losing their appeal. Read this space to know how it will impact investors.
Mar 04, 2013 at 16:15 | Source: Moneycontrol.com
No change in personal and corporate tax rates. Tax rebate of up to INR 2,000 per annum introduced for resident individuals, with total income up to INR 0.5 million per annum.
Mar 02, 2013 at 18:20 | Source: Moneycontrol.com
It is not a flamboyant or even a populist Budget, as many would have expected, for the simple reason that early next year the country goes for the General Elections and Finance Minister P. Chidambarams chief concern seemed to be reducing fiscal deficit than curbing inflation.
Mar 02, 2013 at 17:09 | Source: Moneycontrol.com
Measures for further expanding and deepening financial markets and facilitating foreign participation have also been announced. The budget is one part of overall economic policymaking and the budget presented today is a certainly a step forward in the series of initiatives announced by the government in recent months.
Mar 02, 2013 at 17:05 | Source: Moneycontrol.com
The Union Budget 2013-14 embodies strong features of promoting investment and putting the economy on the high growth path leading to inclusive and sustainable development.
Mar 02, 2013 at 17:01 | Source: Moneycontrol.com
This years budget is a workman-like balancing act and the government has done a decent job given the challenges in the economy. On the positive side we are happy to see the delivery on the fiscal promise-estimate at 5.2% FY13 & 4.8% FY14 but lack of further visibility on policy initiatives for the coming months is a disappointment.