Income Tax Exemption Limit

Jun 17, 2015 at 17:33 | Source: Moneycontrol.com
Though the due date has been extended to 31 August to file income tax returns, it is the time to check a few details to ensure that you do not miss on your exemptions
May 29, 2015 at 11:47 | Source: Moneycontrol.com
Finance Minister has provided for an additional deduction of Rs. 50,000/- for contribution towards NPS account. This is in addition to the existing limit of Rs 1,50,000
May 25, 2015 at 17:55 | Source: Moneycontrol.com
Increase in basic exemption limit, hike in deduction under various sections are some of the areas where individual tax payers benefited.
Apr 17, 2015 at 17:13 | Source: Moneycontrol.com
It is incorrect to believe that money received on sale of an inherited house is fully tax exempt. Though asset received as inheritance is fully exempt from gift tax, amount on sale of such asset is not exempt from tax. It will be taxable under the head capital gains.
Mar 30, 2015 at 09:20 | Source: Moneycontrol.com
Take a stock of your existing investments and then evaluate investment options that fetch you tax exemptions. Avoid buying life insurance at the last minute. Also prepare yourself in April so that you do not face this situation again.
Mar 18, 2015 at 19:43 | Source: Moneycontrol.com
Budget 2015 has given additional tax benefit on investments up to Rs 50000 a year for investments in National Pension Scheme. This increases the scope for saving income tax
Mar 13, 2015 at 11:21 | Source: PTI
Cairn India said it does not agree with the tax demand and will pursue all possible options to protect its interest.
Mar 13, 2015 at 09:40 | Source: Moneycontrol.com
Cairn India Limited has received an order from the Income Tax Department today for an alleged failure to deduct withholding tax on alleged capital gains arising during 2006-07 in the hands of Cairn UK Holdings Limited (CUHL), our erstwhile parent company, a subsidiary of Cairn Energy Plc.
Mar 10, 2015 at 23:12 | Source: PTI
The tax demand relates to an alleged Rs 24,500 crore worth capital gains it made in 2006 while transferring all its India assets to a new company, Cairn India, and got it listed on the stock exchanges
Mar 03, 2015 at 15:04 | Source: PTI
The mutual fund industry may witness several mergers of schemes in coming weeks after the Budget proposed an exemption from capital gains tax in case of amalgamation of funds with similar features.
Messages on Income Tax Exemption Limit »

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Source:NDTV Profit - Finance Minister Arun Jaitley is expected to double exemption limit on long-term financial savings to ease tax burden on the middle class in his maiden budget on Thursday, sources told NDTV. Currently, the income tax exemption limit on such savings is ...

12.27 PM Jul 8th 2014

Budget  

Dear FM , Please consider increasing the income tax exemption limits , raise 80C cap and House Loan interest repayment limit Thanks

2.23 PM Jun 30th 2014

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Do you see the FM raising income tax exemption limit to Rs 3 lakh in this Budget?

1.08 PM Jun 19th 2014

Santosh Nair

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, Arun Jaitley had suggested that the Income Tax exemption limit should be raised to Rs 5 lakh from Rs 2 lakh currently. This is what he was quoted as saying in a Press Trust of India report dated April 21. “Direct Tax should be reduced. The Income-Tax limit has to be raised from Rs 2 lakh to Rs 5 lakh

11.20 AM May 27th 2014

MF Investment Help  

Income TaxExemption Limit should be enhanced to Rs 3 lakh which will result in reduction of collection of Income Tax drastically and will also reduce disparities among people.

3.40 PM Mar 4th 2013

Budget  

income tax exemption limit slab should be raised to Rs. 3 Lakhs & exemption limit u/s 80C, 80CCD, etc. should be raised from Rs. 1 Lakh to Rs. 2 Lakhs.

4.15 PM Feb 26th 2013

Budget  

FM MAY INCREASE INCOME TAX EXEMPTION LIMIT UP TO RS.3 LACS

6.39 PM Feb 25th 2013

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Will the FM increase Income Tax exemption limit to Rs 3 lakh in this Budget?

3.21 PM Feb 22nd 2013

elayaravi

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High taxes  

mr p chidambaram knows middleclass peoples difficulties verywell. their one of the longstanding demand is income tax exemption limit from two lalks to minimum three lakhs. mr chidambaram take this issue in his mind . dont give a relaxation ten thousand or twenty thousand. it is not give

11.16 AM Feb 17th 2013

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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

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