Finance Minister Arun Jaitley presented the general budget 2018-19 in Parliament on Thursday, February 1, 2018. Apart from introducing standard deduction of Rs 40,000, there is nothing great for salaried class and investors. Then comes the blow i.e. taxing LTCG.!!
After so much of speculations such as; change in tax slab, fear of tax being levied on LTCG of Equity investments, today Finance Minister Arun Jaitley announced union Budget 2017-18 to clear all the confusions. Trimming the term of long
With unveiling third Union Budget for Fiscal Year 2016-17 honorable Finance Minister Mr. Arun Jaitley on February 29, 2016 brought no cheers among salaried class. While making no change in personal Income Tax slabs, making EPF contributions taxable, the FM
With the announcement of Union Budget 2015, Finance Minister Arun Jaitley in his first full-year budget did not hike income tax exemption limits, which was done last year. However, he hiked the tax exemption limits of some allowances & deductions. No
The Union Budget 2014-15 has brought some relief to individual tax payers. Pre-budget hypes were very (add one more VERY) high; such as increasing basic tax slab to Rs. 5,00,000 from the current limit of Rs. 2,00,000 and the viral
Before the budget presented there were a lot of expectations like raising the basic tax exemption to Rs. 3,00,000 from the current limit of Rs. 2,00,000, increasing the 80C limit from Rs, 1,00,000 to Rs. 1,50,000 also bringing back 80CCF
Let’s have a Quick Glance on Budget FY2012-13. Tax Slabs: Personal Income Tax slabs for individuals relaxed Basic exemption Limit for Senior citizen 60-79 Years Rs. 2,50,000. Basic exemption Limit for Very Senior citizen who are 80 Years and above
Coming Budget 2012, there are many expectations and few expectations on Direct Taxes for Individuals are: Increase basic exemption limit from the current Rs. 180,000/- to Rs. 3,00,000/-. Removal of education cess, which is currently at 3%. Increase in deduction