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India Inc Seeks Cut In Personal Income Tax Rates At Pre-Budget Meet
Industry bodies also raised the issue of dumping of excess stock by China globally, including in India, and challenges posed to food security and inflation due to the "climate emergency", during the fifth pre-Budget consultation meeting.
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Income Tax May Be Reduced For Those Earning Up To Rs 15 Lakh: Report
India is considering cutting income tax for individuals making up to Rs 15 lakh a year in February's budget to provide relief to the middle class and boost consumption as the economy slows, two government sources told Reuters.
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Big Relief For Ajit Pawar, Tax Department Clears Assets Seized In Benami Case
In a big relief to Maharashtra Deputy Chief Minister Ajit Pawar, the Income Tax department has cleared properties worth over Rs 1,000 crore seized in 2021.
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Will Income Tax Ever Be "Almost Zero"? What Finance Minister Said
Can income tax in India ever be "almost zero"? Finance Minister Nirmala Sitharaman said Tuesday she wished that could be the case, but given economic challenges facing India, including paucity of funds for research purposes, this is not likely.
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Budget 2024: 5 Income Tax Changes Citizens, Experts Are Expecting
Finance Minister Nirmala Sitharaman will present the Budget in parliament from 11 am today, and the most anticipation is around whether the government will provide tax relief to the middle class.
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"No Coercive Steps Over Rs 3,500 Crore Demand": Tax Relief For Congress
"Won't Take Steps To Recover Dues During Polls": Income Tax Breather For Congress
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Relief For Individuals With Income Marginally Over Rs 7 Lakh
In a relief to taxpayers opting for new tax regime, individuals earning marginally higher income than no-tax ceiling of Rs 7 lakh will pay tax only on the differential income after the government amended the Finance Bill.
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Anil Ambani Gets Interim Relief From High Court In Tax Evasion Case
The Income Tax Department has issued him a show-cause notice for alleged tax evasion of Rs 420 crore.
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"It's Election Time": Nitish Kumar's Jibe At Proposed Income Tax Rebate
"It is election time," Bihar Chief Minister Nitish Kumar said, sarcastically, on Thursday when asked if the Union Budget's proposal to raise the personal income tax rebate limit would bring relief to the middle class.
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Union Budget 2023: "Good Governance Key To Nation's Progress": Full Speech By N Sitharaman
Finance Minister Nirmala Sitharaman today announced big relief for taxpayers and a mega push for capital spending and infrastructure as she unveiled the government's last Budget before the 2024 national election.
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Cigarettes To Cost More? Here's How 16% Duty Hike Will Impact Prices
In Finance Minister Nirmala Sitharaman's budget, relief in income tax was expected to be the protagonist.
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Concessional Tax, Rs 3 Crore TDS Limit In Tax Relief For Cooperative Sector
To promote the cooperative sector, the government on Wednesday announced a slew of measures, including a concessional tax of 15 per cent to promote new societies focusing on manufacturing and a higher limit of Rs 3 crore for TDS on cash withdrawal.
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"Big Relief To Middle Class": Shivraj Chouhan On Increasing Tax Slabs
Madhya Pradesh Chief Minister Shivraj Singh Chouhan today welcomed the income tax relief announced in the Union Budget 2023-24, which he said would ensure more savings for the middle class.
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Union Budget 2023: Harsh Goenka Calls It "M'bap'pe Of A Budget, Not 'Messi' At All"
Appreciating the initiatives taken by the government, Mr. Goenka wrote that it is "a budget that puts India on the path to become the world champion".
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Focus On Middle Class To Infra Push: Key Features Of Budget 2023
Finance Minister Nirmala Sitharaman announced a big ticket budget ahead of next year's general elections which focussed on infrastructure and agri sectors and reworked tax slabs in a relief to the middle class.
-
India Inc Seeks Cut In Personal Income Tax Rates At Pre-Budget Meet
Industry bodies also raised the issue of dumping of excess stock by China globally, including in India, and challenges posed to food security and inflation due to the "climate emergency", during the fifth pre-Budget consultation meeting.
-
Income Tax May Be Reduced For Those Earning Up To Rs 15 Lakh: Report
India is considering cutting income tax for individuals making up to Rs 15 lakh a year in February's budget to provide relief to the middle class and boost consumption as the economy slows, two government sources told Reuters.
-
Big Relief For Ajit Pawar, Tax Department Clears Assets Seized In Benami Case
In a big relief to Maharashtra Deputy Chief Minister Ajit Pawar, the Income Tax department has cleared properties worth over Rs 1,000 crore seized in 2021.
-
Will Income Tax Ever Be "Almost Zero"? What Finance Minister Said
Can income tax in India ever be "almost zero"? Finance Minister Nirmala Sitharaman said Tuesday she wished that could be the case, but given economic challenges facing India, including paucity of funds for research purposes, this is not likely.
-
Budget 2024: 5 Income Tax Changes Citizens, Experts Are Expecting
Finance Minister Nirmala Sitharaman will present the Budget in parliament from 11 am today, and the most anticipation is around whether the government will provide tax relief to the middle class.
-
"No Coercive Steps Over Rs 3,500 Crore Demand": Tax Relief For Congress
"Won't Take Steps To Recover Dues During Polls": Income Tax Breather For Congress
-
Relief For Individuals With Income Marginally Over Rs 7 Lakh
In a relief to taxpayers opting for new tax regime, individuals earning marginally higher income than no-tax ceiling of Rs 7 lakh will pay tax only on the differential income after the government amended the Finance Bill.
-
Anil Ambani Gets Interim Relief From High Court In Tax Evasion Case
The Income Tax Department has issued him a show-cause notice for alleged tax evasion of Rs 420 crore.
-
"It's Election Time": Nitish Kumar's Jibe At Proposed Income Tax Rebate
"It is election time," Bihar Chief Minister Nitish Kumar said, sarcastically, on Thursday when asked if the Union Budget's proposal to raise the personal income tax rebate limit would bring relief to the middle class.
-
Union Budget 2023: "Good Governance Key To Nation's Progress": Full Speech By N Sitharaman
Finance Minister Nirmala Sitharaman today announced big relief for taxpayers and a mega push for capital spending and infrastructure as she unveiled the government's last Budget before the 2024 national election.
-
Cigarettes To Cost More? Here's How 16% Duty Hike Will Impact Prices
In Finance Minister Nirmala Sitharaman's budget, relief in income tax was expected to be the protagonist.
-
Concessional Tax, Rs 3 Crore TDS Limit In Tax Relief For Cooperative Sector
To promote the cooperative sector, the government on Wednesday announced a slew of measures, including a concessional tax of 15 per cent to promote new societies focusing on manufacturing and a higher limit of Rs 3 crore for TDS on cash withdrawal.
-
"Big Relief To Middle Class": Shivraj Chouhan On Increasing Tax Slabs
Madhya Pradesh Chief Minister Shivraj Singh Chouhan today welcomed the income tax relief announced in the Union Budget 2023-24, which he said would ensure more savings for the middle class.
-
Union Budget 2023: Harsh Goenka Calls It "M'bap'pe Of A Budget, Not 'Messi' At All"
Appreciating the initiatives taken by the government, Mr. Goenka wrote that it is "a budget that puts India on the path to become the world champion".
-
Focus On Middle Class To Infra Push: Key Features Of Budget 2023
Finance Minister Nirmala Sitharaman announced a big ticket budget ahead of next year's general elections which focussed on infrastructure and agri sectors and reworked tax slabs in a relief to the middle class.
