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Income tax benefits News

Low-income bracket

01 Apr 2016

Get personal tax exemption of additional Rs 30,000 from Friday

Those earning up to Rs 5 lakh a year will now get a tax relief of Rs 5,000, up from Rs 2,000 previously.

income tax benefits

23 Jun 2015

Tax benefits for credit, debit card payments welcomed

"Tax benefits in terms of income tax rebates to be considered to consumers for paying a certain proportion of their expenditure through electronic means," said the draft proposals on which comments have been invited till June 29.

23 Jun 2015

Use credit or debit card? Here are the benefits govt has planned for you

The government has proposed income tax benefits for people making payments through credit or debit cards. This move also aims to boost digital payement and encouraging non-cash transactions.

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