Dtc Bill

While the Bill proposes to keep exemption limit at Rs 2 lakh for individual tax unchanged, it proposes to introduce a fourth slab of 35 percent tax rate for those with an annual income of over Rs 10 crore.

PM nixes DTC hopes, super-rich tax not conducive: Sources

CNBC-TV18 learns from government sources that Prime Minister Manmohan Singh, for the time being, has put an end to the hope of Direct Taxes Code getting approved.

Plan to introduce DTC Bill in next Parliament session: FM

The Direct Taxes Code (DTC) Bill will be introduced in the next Parliamentary session where it will be scrutinized and examined, said Finance Minister Pranab Mukherjee.

Budget 2012 takes the 'p#*s' out of industry

Anybody that says the Budget was a non-event hasn't read it all. Nor have I. But I've read enough to know it is a significant event! A very significant event!!

Budget 2012: Tax payers may get some relief from budget tomorrow

Tax payers will be looking forward to some relief from Finance Minister Pranab Mukherjee who is expected to raise the income tax exemption limit to at least Rs 2 lakh in his budget proposals to be unveiled in the Lok Sabha tomorrow.

Income Tax: Raise IT exemption limit to Rs 3 lakh: Par panel on DTC

Ahead of the Budget, a Parliamentary panel that scrutinised the Direct Taxes Code (DTC) Bill has suggested that income tax exemption limit be raised to Rs 3 lakh per annum, and the investment limit for tax savings schemes be hiked to Rs 3.20 lakh.

Budget Proposals: DTC panel seeks addl tax cuts; can it happen this time?

In what could come as a relief on the tax front, the house panel on the DTC Bill has recommended hiking tax deductions.