Feb 29, 2016 at 19:34 | Source: PTI
"The Budget presented by the Modi-led government has no new tax concessions. While there were big expectations on increasing the income-tax slab, no such thing has been announced. This has led to big disappointment among the tax paying middle classes and salaried persons," he said.
Feb 29, 2016 at 15:16 | Source: PTI
On not increasing the tax slab rates, he said there is an attempt to increase the tax base and simplify tax structure.
Feb 29, 2016 at 09:04 | Source: IBNLive.com
There could be some cheer as the Finance Minister may increase income tax slab from Rs 2.5 lakh to Rs 3 lakh.
Feb 26, 2016 at 11:23 | Source: CNBC-TV18
Keki Mistry- Vice Chairman and Chief Executive Officer, HDFC believes it is important to increase the tax exemptions on home loans as even a marginal increase will pep up the home-buyers sentiments.
Feb 26, 2016 at 08:32 | Source: IBNLive.com
The lowest income tax slab is likely to be raised from Rs 2.5 lakh to Rs 3 lakh, which means income up to Rs 3 lakh is likely to be exempt from Income Tax. There are also indications that even the higher IT slabs may be re-jigged.
Feb 25, 2016 at 20:31 | Source: CNBC-TV18
The government plans to hike the recapitalizing funds for the public sector banks. Hike in loan rebate, 100 percent FDI for asset reconstruction companies (ARCs) via the automatic route and sticking to fiscal deficit target of 3.5 percent are also on the cards, say sources.
Feb 25, 2016 at 17:28 | Source: Moneycontrol.com
Since the previous budget disappointed the salaried class with no change in the tax slabs, it is likely that this could see a change in this budget.
Feb 23, 2016 at 14:02 | Source: Reuters
While lower purchases by the world's second-biggest consumer could dent the current rally in global bullion prices, it would mean relief for the Indian government which has been struggling to curb gold imports that cost the country USD 36 billion in 2015.
Feb 15, 2016 at 17:19 | Source: PTI
The instruction to DRI comes on the heels of US-based think-tank Global Finance Integrity stating in a report that India had fourth largest outflow of black money in the world with a whopping USD 51 billion being siphoned out every year between 2004 and 2013.
Feb 10, 2016 at 16:51 | Source: Moneycontrol.com
Rana Kapoor, MD & CEO of YES Bank expects that in Budget 2016 the finance minister Arun Jaitley will increase disposable incomes by relaxing personal income tax slabs to Rs 5 lakh from Rs 2.5 lakh as a one-time correction and thereafter as per inflation-linked indexation every three years.