The salaried middle-class taxpayers, who had pinned their hopes on revised tax slabs expecting some relief especially after COVID-19 distress, was left disappointed as FM Sitharaman made no change to the personal income tax slabs.
Moneycontrol’s Preeti Kulkarni and Kayezad E. Adajania tell us how we can choose between the old and new tax slabs.
Tune in to find out all about the Budget 2020 announcements from Moneycontrol's top experts.
Tune in to this exclusive podcast where Moneycontrol's Jerome Anthony talks to Hitesh Gajaria of KPMG to find out all about the new tax regime.
Some changes in income tax laws that you should be aware of.
The real estate sector has been plagued by many challenges, including delays in projects owing to funding issues, complicated government diktats, unclear records and land titles and delays in obtaining approvals. The passage of R
Though government is expected to bring in some reduction in the income tax rates for individuals, there is a possibility of a cash withdrawal tax.
With the social fabric of the country undergoing changes, it is imperative to encourage the lower/ middle income segments to provide for their own security.
The think-tank wants to enable more people to pay taxes instead of expanding the exemption limits
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.
Income tax slabs have always been the most awaited section of the Budget. With the economy showing signs of recovering from the slowdown, speculations are rife if Jaitley will raise the slabs giving a relief to the tax payers across the spectrum.