Assocham for raising income tax exemption limit to Rs 5 lakh in Budget

New Delhi: The basic exemption limit for an individual income tax payee should be raised to Rs 5 lakh from Rs 2.50 lakh at present, in the backdrop of inflationary impact over the years, industry chamber Assocham has said. Finance Minister Nirmala Sitharaman It has suggested this in a proposal to the government as part of its pre-Budget memorandum. “Considering More...

by Ila Choudhary | Published 1 month ago
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By Ila Choudhary On Friday, May 31st, 2019
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Modi’s first decision- Hike in scholarships for wards of armed forces personnel

New Delhi: In his first decision after assuming office, Prime Minister Narendra Modi on Friday approved a hike in scholarship given to widows and wards of deceased or ex-service personnel of armed and paramilitary More...

By Ila Choudhary On Thursday, May 30th, 2019
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Jagan announces Rs 3,000 monthly pension for senior citizens

Vijayawada (Andhra Pradesh): Y S Jaganmohan Reddy, who got a massive mandate for his party YSRCP in the Assembly elections, was on Thursday sworn in as second Chief Minister of Andhra Pradesh after bifurcation and More...

By Manish Sen On Monday, May 27th, 2019
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WB govt extends tenure of Sixth Pay Commission

Kolkata: The West Bengal government on Monday extended the tenure of the Sixth State Pay Commission till December this year, a Finance department order said. The sixth pay commission was set up by the West Bengal More...

By Manisha Sen On Monday, May 27th, 2019
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Confident of timely payment of salary for May: BSNL Chief

New Delhi: State-owned BSNL is confident of making timely payment of staff salaries for the month of May, Chairman and Managing Director Anupam Shrivastava said Monday. BSNL Chairman and Managing Director Anupam More...

By Ila Choudhary On Friday, April 26th, 2019
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Finance ministry ratifies 8.65% interest rate on EPF for 2018-19

New Delhi: The Finance Ministry has approved 8.65% rate of interest on Employees’ Provident Fund (EPF) for 2018-19 as decided by retirement fund body EPFO, benefitting more than 6 crore formal sector workers. The More...

By Manish Sen On Tuesday, April 16th, 2019
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I-T dept revises format of TDS certificate issued by employers

New Delhi: The Income Tax department has revised Form 16 by adding various details, including income from house property and remuneration received from other employers, thereby making it more comprehensive to help More...

By Manish Sen On Monday, April 8th, 2019
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Schemes in Cong manifesto based on taxing middle class, says Union Minister Puri

Hyderabad: Union Minister Hardeep Singh Puri Monday alleged that the Congress manifesto for the Lok Sabha elections makes no reference to the middle class and the schemes proposed by the party are based on taxing More...

By Manish Sen On Monday, April 8th, 2019
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BJP says to lower income tax rates for middle class if re-elected

PM Narendra Modi and BJP president Amit Shah today released the party’s manifesto. New Delhi: Bharatiya Janata Party (BJP) on Monday pledged to revise income tax brackets to help the middle class if the party More...

By Manish Sen On Sunday, March 31st, 2019
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Aadhaar-PAN linking deadline extended to September 30

New Delhi: The cut-off date for intimating Aadhaar number and linking PAN with Aadhaar is September 30, said the Central Board of Direct Taxes (CBDT) in a statement on Sunday. The CBDT has already given several More...