Service Tax Exemption

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  Modi 3.0's Tax Exemption Limit Is Biggest Ever Since 2005

  The Union Budget 2025-26 presented by Nirmala Sitharaman declared that there will be no income tax payable up to a total income of Rs 12 lakh.

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  GST Council Exempts Gene Therapy, Cuts Tax Rate For Rice Kernels

  Jaisalmer (Rajasthan): Union Finance Minister Nirmala Sitharaman on Saturday announced that the Goods and Services Tax Council has approved the reduction of GST on rice kernels to 5 per cent and exempted life-saving gene therapy from tax.

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  Here's What Experts Say About Changes Made In LRS For Credit Cards

  Tax Collected at Source (TCS) for spending through international credit cards under RBI's Liberalised Remittance Scheme on overseas tour packages and any other remittance (such as for bonds, shares, and real estate gifts) will be exempted within the annual limits of USD 250,000, the government clarified on Thursday.

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  Budget 2023: Edtech Industry Eyes Tax Exemptions

  Currently, core educational services are exempted from GST but Edtech products such as online courses and classes fall under the 18% GST slab.

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  How Is Gratuity Calculated, When Are You Eligible? Read Here

  Gratuity: An employee is eligible for gratuity payment after completing 5 years of continuous service with one employer.

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  GST Council May Consider Raising Lowest Slab To 8%, Rationalise Structure

  GST council may look at raising the lowest tax slab to 8 per cent, from 5 per cent and prune the exemption list in the regime

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  GST Council Meet: Tax Cut On COVID Essentials, Black Fungus Medicine On Agenda

  GST Council Meeting 2021: In the previous GST Council meeting, the tax was exempted on the import of Amphotericin B, a medicine used for the treatment of black fungus infection.

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  Black Fungus Medicine Exempted From Tax: Key Takeaways From GST Council Meet

  GST Council Meeting Key Takeaways: Finance Minister announced that the integrated goods and services tax (IGST) is exempted on free COVID-related essential items till August 31, 2021.

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  Budget Needs To Move Educational Services To 0% GST Slab: Kara Learning

  Educational services provider have called upon the Finance Minister to move educational services to 0 per cent goods and services tax (GST) slab from currently under the 'exempt' category of GST,

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  Budget May Offer Production Incentives For Semiconductor Makers

  For 'Make in India', there may be investment-linked income tax exemptions under Section 35AD of the Income Tax Act and other indirect tax benefits.

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  Budget May Offer Flat Tax Rate Sans Exemptions To Individuals: Report

  At present while individual income upto Rs 2.5 lakh per annum is exempt from tax, a 5 per cent tax is levied for income between Rs 2.5 lakh and Rs 5 lakh.

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  GST Council Fixes 28% Tax Rate On Lottery, Says Revenue Secretary

  GST Council decided to exempt long term lease on industrial plots to facilitate setting up of industrial parks.

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  Budget 2019: Basic Tax Exemption Limit To Be Raised To Rs 3 Lakh, Says Report

  In the interim Budget, the government had proposed a rebate on all payable taxes if an individual's taxable income is up to Rs 5 lakh per annum

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  Budget 2019: Tax On Capital Gains May Continue This Year, Says Report

  The sources said that there were neither chances of a hike above 10 per cent nor of an increase in exemption limit above Rs 1 lakh.

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  Budget 2019: Industry Body For Hike In Tax Exemption On Preventive Health Check-Up

  Ficci also urged the government to provide interest subsidy on loans provided to the healthcare sector