Budget Tax

Tax Holiday For Startups, Relief For Senior Citizens: Top 10 Tax Highlights Of Budget 2021

Tax Holiday For Startups, Relief For Senior Citizens: Top 10 Tax Highlights Of Budget 2021

Edited by Nikita Prasad | Wednesday February 03, 2021

Budget 2021 Tax Highlights: In a major tax relief for senior citizens, Finance Minister Nirmala Sitharaman while presenting Budget 2021 announced that citizens aged 75 years and above, who only have pension and interest income are now exempted from filing the tax returns. In last year's budget, a major cut in the tax rates for the salaried class was announced, which, ...

COVID Cess, Increase Section 80C Limit: What Financial Planners Want From Budget 2021

COVID Cess, Increase Section 80C Limit: What Financial Planners Want From Budget 2021

Monday February 01, 2021

Budget 2021: Experts believe that COVID cess may be made applicable to higher income brackets individuals or business with specified turnovers

Here's What Tax Experts Seek From Budget 2021 For The Common Man

Here's What Tax Experts Seek From Budget 2021 For The Common Man

Edited by Nikita Prasad | Monday February 01, 2021

Budget 2021: Individual taxpayers and the middle-class expect reduced GST rates in various sectors, and increased deduction for the interest on home loans from the taxable income

Tax Deductions Not Expected In Upcoming Budget, Says Taxmann

Tax Deductions Not Expected In Upcoming Budget, Says Taxmann

Edited By Abhishek Vasudev | Tuesday January 12, 2021

The government in last year's Union Budget announced a new and simplified personal tax regime consisting of revised income tax slabs and tax rates

Budget 2021: Crucial Income Tax Changes In Past Budgets

Budget 2021: Crucial Income Tax Changes In Past Budgets

Edited by Peter Noronha | Thursday January 07, 2021

The government has made some drastic changes in income tax rules over the years, ranging from changes in income tax rates to reintroduction of standard deduction and a higher income threshold for rebate

Employers' Contribution Towards Provident Fund Capped At Rs 7.5 Lakh Annually

Employers' Contribution Towards Provident Fund Capped At Rs 7.5 Lakh Annually

Press Trust of India | Saturday February 01, 2020

Any contribution by employers towards these social security schemes beyond Rs 7.5 lakh per annum would be treated as perquisite of the employee and taxed accordingly.

Budget 2020: What The Common Man Can Expect From The Union Budget 2020-21

Budget 2020: What The Common Man Can Expect From The Union Budget 2020-21

Written by Sandeep Singh | Saturday February 01, 2020

New Tax Slab: Every year, speculations on major income tax changes in Union Budget - potentially sending more money to the pockets of the common man - drive investment decisions for many individuals, say financial planners.

Budget 2020: Tax Payment On ESOPs From Startups Deferred, Says Nirmala Sitharaman

Budget 2020: Tax Payment On ESOPs From Startups Deferred, Says Nirmala Sitharaman

Edited by Peter Noronha (with inputs from agencies) | Saturday February 01, 2020

New Income tax Slab: Union Finance Minister Nirmala Sitharaman in her Budget 2020-2021 speech emphasized that entrepreneurship has always been the "strength of India."

Budget 2020: Long-Term Capital Gains Tax Break On Cards? Here Is What Analysts Say

Budget 2020: Long-Term Capital Gains Tax Break On Cards? Here Is What Analysts Say

Edited by Sandeep Singh (with inputs from agencies) | Saturday February 01, 2020

Long-Term Capital Gains Tax: This tax is applicable on profits arising from sale of applicable assets held for more than one year from the date of purchase.

Industry Body FICCI Calls For Increase In Section 80C Income Tax Deduction Threshold

Industry Body FICCI Calls For Increase In Section 80C Income Tax Deduction Threshold

Edited by Sandeep Singh | Saturday February 01, 2020

Union Budget 2020: Finance Minister Nirmala Sitharaman will present the first full-year Union Budget of Prime Minister Narendra Modi's government in Parliament on February 1.

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