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Income Tax Exemption Limit

Jan 21, 2017 at 10:00 | Source: PTI
The Shiv Sena today urged theCentre to raise tax exemption on income of lower and middleclass individuals by increasing the slabs.
Jan 19, 2017 at 12:04 | Source: Moneycontrol.com
Since, house is ones biggest financial asset introducing income tax exemption on premium paid will push more people to opt for home insurance.
Jan 19, 2017 at 08:00 | Source: Housing.com/news
In the 2016-17 union budget, the government introduced several measures to boost affordable housing. Among the significant ones, it provided 100% tax exemption on profits, for developers building homes up to 30 sq meters R
Jan 18, 2017 at 11:17 | Source: Moneycontrol.com
AMFI has proposed for debt linked savings scheme under Sec 80 CCC of Income Tax Act. We have proposed for debt-linked savings scheme (DLSS) to be included under the Sec 80 CCC limit, said a mutual fund source who is also in the AMFI committee
Jan 12, 2017 at 07:32 | Source: Moneycontrol.com
The think-tank wants to enable more people to pay taxes instead of expanding the exemption limits
Jan 11, 2017 at 21:13 | Source: Moneycontrol.com
The government is working on the assumption that in times of cash crunch, the best way to achieve higher spending is by raising disposable income through tax breaks.
Jan 11, 2017 at 20:44 | Source: Moneycontrol.com
The move, which finance minister Arun Jaitley had first announced in 2015, will signal the beginning of reforms of one of India's complex tax systems that had become mired in layers of exemption and sops over the years, making it difficult to administer.
Jan 09, 2017 at 11:33 | Source: Moneycontrol.com
FM Arun Jaitley may announce overhaul of Indias corporate tax structure by slashing the statutory rate and removing layers of exemptions, incentives and deductions that had made the system complex and prone to misuse
Jan 01, 2017 at 12:46 | Source: PTI
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.
Dec 31, 2016 at 13:28 | Source: NEWS18.com
"Destroyed in the last 50 days: trust in the Prime Minister's word. Weekly cash withdrawal limits must go," Gandhi tweeted.
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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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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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Reliance  

. If CRUDEOIl trades below its Resistance then it can show profit booking till 5240-5220 level soon. Once CRUDEOIL manages to trade and sustain above 5330 then it can test 5380 level. Budget Wrap Up Income tax exemption limit raised to Rs 2 lakh from Rs 1.8 lakh No tax pp to Rs 2 lakh income Rs 2-5 lakh taxed

6.23 PM Mar 18th 2012

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