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Income tax exemption News

26 Aug 2024

Zero Income Tax! Residents Of These Countries Don't Pay Income Tax

Nirmala Sitharaman speech

23 Jul 2024

Government to contribute major amount for Education Loan in Budget

Nirmala Sitharaman speech

23 Jul 2024

Government makes huge announcement on Tax

budget 2024 update

23 Jul 2024

Budget to give relief from infaltion

Income tax exemption

23 Jul 2024

Middle Class to get exemption from Income Tax?

Income tax exemption

29 Oct 2020

Income-tax exemption for payment of deemed LTC fare for non-Central govt staff

It has also been provided that since the cash allowance of LTC fare is in lieu of deemed actual travel, the same shall be eligible for I-T exemption To provide benefits to other employees, it has been decided to provide a similar I-T exemption for the payment of cash equivalent of LTC fare to the non-Central staff Accordingly, the payment of cash allowance, subject to a maximum of Rs 36,000 per person as Deemed LTC fare per person (Round Trip) will be allowed

26 Sep 2019

Decision on Income tax relief will be taken at right time: MoS Finance Anurag

The Narendra Modi government will take a decision on raising the income tax exemption limit at an appropriate time, Minister of State for Finance Anurag Singh Thakur said on Thursday.

24 Aug 2017

Niti Aayog suggests retaining tax exemption limit at Rs 2.5 lakh

Niti Aayog on Thursday suggested the government should retain the income tax exemption threshold at Rs 2.50 lakh, and take steps to prevent non-farm entities from declaring their earnings as agri income.

01 Jan 2017

Double I-T exemption limit to Rs 5 lakh: Deloitte survey

Finance Minister Arun Jaitley should double the basic income tax exemption limit to Rs 5 lakh per year and raise the ceiling for claiming deduction under Section 80C to Rs 2.50 lakh, according to a survey by tax consultant Deloitte.

18 Dec 2016

Black money: Election Commission seeks ban on anonymous contributions to political parties above Rs 2000

There is no constitutional or statutory prohibition on receipt of anonymous donations by political parties.

28 Nov 2016

Demonetisation: Currency deposits up to Rs 2.5 lakh may still fall under Income Tax scanner

Even the deposits of demonetised notes of Rs 500 and Rs 1,000 up to Rs 2.5 lakh are going to come under the scanner of tax authorities.

27 Feb 2015

India to unveil budget under pressure to deliver reforms

Prime Minister Narendra Modi`s right-wing government will unveil its first full budget on Saturday, a day after announcing the time was ripe for long-awaited reforms to kickstart the economy.

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