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Income Tax

Details of provision for Income Tax, TDS, Exemption limit in Budget 2015-16 – Finance Bill 2015

March 3, 2015

Details of provision for Income Tax, TDS, Exemption limit in Budget 2015-16 - Finance Bill 2015 Rates of income-tax in respect of income liable to tax for the assessment year 2015-2016. In respect of income of all categories of assessees liable to tax for the assessment year 2015-2016, the rates … [Read more...] about Details of provision for Income Tax, TDS, Exemption limit in Budget 2015-16 – Finance Bill 2015

No Change in the Rate of Personal Income Tax and The Rate of Tax for Companies on Income in Financial Year 2015-16

March 1, 2015

No Change in the Rate of Personal Income Tax and The Rate of Tax for Companies on Income in Financial Year 2015-16 Surcharge @12% Levied on Individuals, HUFs, AOPs, BOIs, Artificial Juridical Persons, Firms, Cooperative Societies and Local Authorities Having Income Exceeding Rs 1 Crore The Union … [Read more...] about No Change in the Rate of Personal Income Tax and The Rate of Tax for Companies on Income in Financial Year 2015-16

Benefits to Middle Class Tax Payers in the Budget 2015-16

March 1, 2015

Benefits to Middle Class Tax Payers in the Budget 2015-16 Payments to the Beneficiaries Including Interest Payment on Deposit in Sukanya Samriddhi Scheme to be Fully Exempt The Union Minister of Finance Shri Arun Jaitley in his Budget Speech in Lok Sabha today proposed rationalization of various … [Read more...] about Benefits to Middle Class Tax Payers in the Budget 2015-16

Prime Minister says Budget session of Parliament important as people look at it with lot of hopes

February 23, 2015

Prime Minister says Budget session of Parliament important as people look at it with lot of hopes Press Information Bureau Government of India Ministry of Parliamentary Affairs 22-February-2015 17:17 IST Prime Minister says Budget session of Parliament important as people look at it with lot of … [Read more...] about Prime Minister says Budget session of Parliament important as people look at it with lot of hopes

NMC urges FM to raise IT exemption limit to Rs 5 lakh

February 16, 2015

NMC urges FM to raise IT exemption limit to Rs 5 lakh, exclude DA from IT calculation, Merge DA in Basic Pay & Pension etc. JAMMU: The National Mazdoor Conference today asked Union Finance Minister Arun Jaitley to raise the income tax exemption limit to Rs 5 lakh. “We urged Union Finance … [Read more...] about NMC urges FM to raise IT exemption limit to Rs 5 lakh

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