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TAX PAYERS BUDGET
Budget 2022: Any change in standard deduction for salaried, pensioners in FY2022-23?There was an expectation of hike in the amount available to claim as standard deduction due to the higher cost borne by employees to work f...01 Feb, 2022, 08.01 PM IST- 7 direct tax announcements in Budget 2021 and its impact on taxpayersIn order to encourage first time homebuyers, deduction on account of home loan interest up to Rs 1.5 lakh which was available on loans take...05 Feb, 2021, 06.08 PM IST
- Paying advance tax on dividend income made easier, to help save late payment interestThe FM's budget proposal will bring payment of dividend tax on par with capital gain tax in terms of compliance which is paid only after re...01 Feb, 2021, 08.48 PM IST
- Budget 2021 could impose a coronavirus cess, hike LTCG tax on equity: EYDue to the need to garner more revenue, the government could look at imposing a Covid cess probably graded by income groups as people are a...14 Jan, 2021, 10.57 AM IST
- Increase tax exemption limit to Rs 3 lakh, says SBI report"Due to 7th pay commission, the personal disposable income has been increased, so we believe there is a need to raise the exemption limit t...22 Jan, 2018, 06.26 PM IST
- Why income tax payers in India are a small and shrinking breedOut of 125 crore Indians only 1.5% (1.9 crore) pay income tax.02 Feb, 2017, 11.50 AM IST
- 'PM Narendra Modi believes in systematic changes, not doles'"The focus of the Budget is on agriculture, rural development and infrastructure, which is also a reflection of the government’s commitment...02 Feb, 2017, 01.16 AM IST
- Deduction should be made available for FY17-18 onwards: Mayur Shah, E&YRationalisation of rates in terms of you know, say between 5-10 lakhs it goes to 10% and from 10-15 lakhs goes to 20%. And anything which i...27 Jan, 2017, 12.09 PM IST
- Here's the tax payers' wishlist for Budget 2016The Seventh Pay Commission has already put pressure on the government’s coffers so it is unlikely that the FM will play Santa Claus this ye...02 Feb, 2016, 04.15 PM IST
- Budget 2015: Seven measures that will make the tax payer happyThe FM has not tinkered with the personal tax rates and the income slabs remains the same as compared to financial year 2014-15.28 Feb, 2015, 07.19 PM IST
- Government move to chase unaccounted funds on right directionFM has introduced a slew of measures in order to widen the tax base and prevent generation and circulation of unaccounted money in Budget 2...21 Mar, 2012, 08.44 AM IST
- Budget 2012: Income tax exemption limit raised to Rs 2 lakhIndividual will have to pay 10% tax on income between Rs 2 lakh & Rs 5 lakh; 20% between Rs 5 lakh & Rs 10 lakh; and 30% for above Rs 10 la...17 Mar, 2012, 02.10 AM IST
- Inflation impact: Govt may hike tax exemption limit in BudgetTax payers can expect some relief from high inflation in Budget 2011-12 as the government may raise the income tax exemption limit for indi...01 Feb, 2011, 06.31 PM IST
- New rules on tax disputes to guide foreign firmsThe finance ministry will soon issue detailed guidelines for the new dispute resolution mechanism that it had promised in the budget earlie...16 Oct, 2009, 03.25 AM IST
- IT Dept keen on single window facility for large tax payersAfter the success of large tax payer unit (LTU) at Bangalore, the Income Tax Department is keen on setting up the facility in Mumbai, which...10 Oct, 2007, 08.00 PM IST
- Budget disappoints income tax payersTax payers were expecting increase in exemption limit by Rs 30,000 to Rs 50,000.28 Feb, 2007, 02.11 PM IST
- Income tax slabs set for a rejigFinance minister P Chidambaram has sought to provide relief to 1.4 crore income tax assessees with annual taxable income of Rs 1,00,000 in ...09 Aug, 2004, 12.08 AM IST
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