And people with Income upto 2.4 lakhs should be tax exempted and medical reimbursement should be upto 25k/ person since the cost of medicines are zooming day by day. 0-2.4 Lakhs- No tax 2.4- 4.8 lakhs-10%(24k/year) 4.8-7.2 lakhs-20%(72k/year) 7.2 -12lakhs- 25 % Above 12 lakhs-30 % Above
10.31 AM Feb 11th 2013
On the one hand the Govt wants more and more people to invest in the share markets and give up on gold as a hedge against inflation and on the other there is STT which dissuades them??? The current cap on tax exempted amount is too little to encourage people to enter the stock markets. It has
3.04 PM Feb 5th 2013
Yes this is a good proposal. Rax rebate on home loans should increase. At the same time Tax exemption limit also should increase. At the same time savings limit should increase to 1.5 lakhs. This will encourage middle class to save more in bonds and insurance.
2.35 PM Feb 5th 2013
REC has the privilege to issue capital gain tax exemption bonds with just 6% interest. They get funds at at very cheap cost and performing well. This is the best among the PSUs. Their growth progress is very steady since last 5 years. The stock looks very cheap among the PSUs. Soon it may break 245
12.25 PM Jan 30th 2013
Source:The Hindu BusinessLine - Mumbai, Jan. 21: The general insurance industry has asked for tax concessions as the Finance Ministry gets ready for the upcoming Budget. General insurers are seeking tax exemptions on homeowner’s insurance and personal accident covers. “The penetration level
3.31 PM Jan 22nd 2013
minimum tax limit should be raised to rs 5 lakhs in view of high cost of living and inflation. they should also fix minimum tax for rich so that they dont exploit the exemption like capital gain tax, dividends etc. they must tax rich for at least 20% for their tax exempt income
12.34 PM Jan 22nd 2013
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