Incomes Halved

Samajwadi Party chief Akhilesh Yadav on Wednesday threw a broadside at the BJP terming it the "biggest liar party" and accused it of halving farmers' income even though they came to power with the promise of doubling it.

Finance Minister Nirmala Sitharaman on Monday reduced the time limit for reopening of income tax assessment cases to three years from six years, while for serious tax fraud cases where concealment of income is Rs 50 lakh or more it would be 10 years.

Congress leader Rahul Gandhi on Wednesday attacked the Centre over its claim of doubling farmers'' income and alleged that their income has in fact "halved" under the ''suit-boot sarkar'', while that of its crony friends has grown four times.

Income from operations for the quarter rose 15.9 per cent to Rs 91,279 crore.

ICICI Bank Q4 net interest income rose 1 percent on the year to Rs 6,022 crore, while net interest margin rose 3.24 percent.

Aadhaar number will be a must while applying for PAN as well as filing of income tax returns. To curb black money, the limit on cash transactions has been set at Rs. 2 lakh.

Finance Minister Arun Jaitley had announced a number of income tax changes in Budget 2017. In addition, some amendments were also introduced in the Finance Bill that was passed by the Lok Sabha.

There are many exemptions available in the Income Tax Act, which can substantially reduce your tax liability.

Bringing some cheers to the individual tax payers, Finance Minister Arun Jaitley halved the income tax rate to 5 per cent for individuals having taxable income between Rs 2.5-Rs 5 lakh compared to 10 per cent earlier.

In the Budget for 2017-18, the government has sought to lower the tax burden on small tax payers with income in the lowest slab of Rs 2.5-5 lakh by halving their tax rate to 5 per cent.

Finance Minister Arun Jaitley today halved the rate of income tax in his budget, promising to increase spending on the poor. Mr Jaitley also strongly defended the notes ban, assuring that its impact on the economy would not spill over to the next year.

Finance Minister Arun Jaitley today halved the income tax rate for persons earning between Rs 2.5 lakh and 5 lakh to 5 per cent, from the earlier 10 per cent. He also said that Rs 5,000 rebate in tax that people with an income up to Rs 5 lakh a year get, has been reduced to Rs 2,500 for those who earn up to Rs 3.5 lakh.

The personal tax rate will be halved to 5 percent on incomes between 250,001 rupees ($3,697) and 500,000 rupees, Finance Minister Arun Jaitley said Wednesday in New Delhi, while announcing the budget for the year starting April 1.

The finance minister promised to increase government funding for farmers, who have been hard hit by the currency ban, with a 60-day waiver on interest for agricultural loans.

This is Arun Jaitley's fourth Budget presentation and first after demonetisation.

Samajwadi Party chief Akhilesh Yadav on Wednesday threw a broadside at the BJP terming it the "biggest liar party" and accused it of halving farmers' income even though they came to power with the promise of doubling it.

Finance Minister Nirmala Sitharaman on Monday reduced the time limit for reopening of income tax assessment cases to three years from six years, while for serious tax fraud cases where concealment of income is Rs 50 lakh or more it would be 10 years.

Congress leader Rahul Gandhi on Wednesday attacked the Centre over its claim of doubling farmers'' income and alleged that their income has in fact "halved" under the ''suit-boot sarkar'', while that of its crony friends has grown four times.

Income from operations for the quarter rose 15.9 per cent to Rs 91,279 crore.

ICICI Bank Q4 net interest income rose 1 percent on the year to Rs 6,022 crore, while net interest margin rose 3.24 percent.

Aadhaar number will be a must while applying for PAN as well as filing of income tax returns. To curb black money, the limit on cash transactions has been set at Rs. 2 lakh.

Finance Minister Arun Jaitley had announced a number of income tax changes in Budget 2017. In addition, some amendments were also introduced in the Finance Bill that was passed by the Lok Sabha.

There are many exemptions available in the Income Tax Act, which can substantially reduce your tax liability.

Bringing some cheers to the individual tax payers, Finance Minister Arun Jaitley halved the income tax rate to 5 per cent for individuals having taxable income between Rs 2.5-Rs 5 lakh compared to 10 per cent earlier.

In the Budget for 2017-18, the government has sought to lower the tax burden on small tax payers with income in the lowest slab of Rs 2.5-5 lakh by halving their tax rate to 5 per cent.

Finance Minister Arun Jaitley today halved the rate of income tax in his budget, promising to increase spending on the poor. Mr Jaitley also strongly defended the notes ban, assuring that its impact on the economy would not spill over to the next year.

Finance Minister Arun Jaitley today halved the income tax rate for persons earning between Rs 2.5 lakh and 5 lakh to 5 per cent, from the earlier 10 per cent. He also said that Rs 5,000 rebate in tax that people with an income up to Rs 5 lakh a year get, has been reduced to Rs 2,500 for those who earn up to Rs 3.5 lakh.

The personal tax rate will be halved to 5 percent on incomes between 250,001 rupees ($3,697) and 500,000 rupees, Finance Minister Arun Jaitley said Wednesday in New Delhi, while announcing the budget for the year starting April 1.

The finance minister promised to increase government funding for farmers, who have been hard hit by the currency ban, with a 60-day waiver on interest for agricultural loans.

This is Arun Jaitley's fourth Budget presentation and first after demonetisation.