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Income Tax Exemption Limit

Feb 16, 2017 at 13:25 | Source: Moneycontrol.com
Use of right tax exemptions ensures more money in hand and less income tax.
Feb 13, 2017 at 15:38 | Source: Moneycontrol.com
If you invest in a life insurance you can avail of two kinds of tax benefits. One is by way of availing a deduction from your taxable income and the other through gaining exemption from your total income.
Feb 13, 2017 at 14:22 | Source: Moneycontrol.com
There are many with income above basic exemption limit who do not file returns even though it is mandatory. However, stiff penalties proposed to levied in Budget 2017 for late filing would ensure that taxpayers file their returns in time.
Feb 10, 2017 at 13:19 | Source: Moneycontrol.com
According to Angel Commodities, expect sugar prices to trade sideways as the prices have reached highest levels for the year and there is an expectation of consolidation at this level as market is waiting for any government policy regarding stock limit or import tax exemption.
Feb 06, 2017 at 15:00 | Source: Housing.com/news
Stating that the tax incentive for second home loan borrowers is being virtually misused, revenue secretary Hasmukh Adhia, on February 4, 2017, citing limited resources, said that it was prudent to subsidise first-time buyers R
Feb 06, 2017 at 13:54 | Source: PTI
Central Board of Direct Taxes (CBDT) chairman Sushil Chandra said the income tax department will come out with a clarification on which companies would be eligible to avail the tax benefit.
Feb 02, 2017 at 18:18 | Source: PTI
Tax benefit on loan repayment of second house will be restricted to Rs 2 lakh per annum, Finance Bill 2017 has proposed, a move that may hit hard those making big savings so far as there have been no limits on set off from such property.
Feb 02, 2017 at 13:30 | Source: PTI
It is also changing the law to keep the identity of the donor confidential who buys the just-introduced electoral bonds from banks to make such donations.
Feb 02, 2017 at 08:34 | Source: PTI
The Chief Minister thanked Prime Minister Narendra Modi and Jaitley for granting exemption from capital gains tax to farmers, who contributed their land for building AP's new capital Amaravati.
Feb 01, 2017 at 17:26 | Source: PTI
While the industry expected exemption from Minimum Alternate Tax (MAT), it has accepted the provision to allow MAT credit to be carried forward from 10 years to 15 years as a positive step forward.
Messages on Income Tax Exemption Limit »

TTK Prestige  

Please increase income tax exemption limit up to 4 lakh

11.27 AM Jan 25th

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Finance Minister Arun Jaitley should double the basic income tax exemption limit to Rs 5 lakh per year and raise the ceiling for claiming deduction under Section 80C to Rs 2.50 lakh, according to a survey by tax consultant Deloitte.

12.46 PM Jan 1st

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India Inc today pressed for reduction in corporate tax, raising of personal income tax exemption limit and steps to mitigate the impact of demonetisation on the economy.

11.34 AM Nov 27th 2016

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MF & Taxes  

Source:Assocham - Raise personal income tax exemption limit to Rs 3 lakh, reduce service tax and excise tax to eight per cent from 12 per cent and increase deduction of interest on housing loan to 5 lakh to revive consumer demand and boost investment, ASSOCHAM said in its pre

4.30 PM Dec 4th 2012

akaj88

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Politics  

If our politicians consider Rs. 71 Lakh to be a very small sum then the Income Tax Exemption Limit should be hiked to Rs. 71 Lakh.

8.24 PM Oct 16th 2012

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Kotak Securities reasoning is 50% correct, but for again flawed, because common man who is below the Income Tax exemption limit is not benefited.Another alternative is Bring Diesel & Domestic LPG cylinders to market based pricing and thereby remove the subsidy element, but then equivalent cross

2.42 PM Sep 6th 2012

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Age limit has already been brought down to 60 for men for all purposesclug Income Tax benefit.Income Tax exemption limit has also been raised to Rs2.5 lac from Rs.2.25 lac.Railways now consider 58 years as senior citizen for women.Railway fare concession for any purpose of journey is 40% for men

3.41 PM Jun 29th 2012

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Tax Planning & Help  

Source:Business Today - Finance Minister Pranab Mukherjee has put more cash in your pocket. Every taxpayer is set to gain, on an average, Rs 2,000 per annum. Presenting his seventh Budget in the Lok Sabha on Friday, Mukherjee raised the income-tax exemption limit for individuals from Rs 1.8 lakh

10.30 AM May 2nd 2012

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Source:Business Standard - The corporate houses and traders in Uttar Pradesh have expressed disappointment with the Union Budget 2013, saying its proposals would neither boost consumer demand nor control inflation. They criticised the raising of the personal income tax exemption limit from Rs 1

1.38 PM Mar 19th 2012

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Budget  

Source:Business Today - Prominent highlights of the Budget for 2012-13 presented by Finance Minister Pranab Mukherjee in the Lok Sabha on Friday:* Income tax exemption limit raised to Rs.2 lakh to provide relief of relief of Rs.2,000 for all assessees; 20 percent tax on income over Rs.10 lakh, up

11.53 AM Mar 19th 2012

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