Search For "exemption"
"Will keep check on people's business": BJP's CT Ravi on Income Tax Bill 2
Updated : 1 year ago IST
In Union Budget for 2025-26 income tax exemption limit has been extended from Rs 7 lakh to Rs 12 lakh, providing significant relief to taxpayers, especially the middle class.
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MCD denies property tax exemption claims for Delhi residents
Updated : 1 year ago IST
The Municipal Corporation of Delhi (MCD) has clarified that all property owners and occupiers must pay property tax as per existing laws, dismissing any claims of exemptions for Delhi residents.
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IMF rejects Pakistan's proposed sales tax exemption on electric vehicles
Updated : 1 year ago IST
Pakistan's Ministry of Industries and Production had recommended the tax relief to boost EV adoption. However, the global lender opposed the decision and stressed that sales tax on raw materials for EVs should not be removed.
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Understanding Long-Term Capital Gains Tax on Property and How Real Estate
Updated : 1 year ago IST
New Delhi [India], February 26: The Indian tax system can often feel complex, with multiple laws and exemptions and a clear understanding of these can make a significant difference in one's earnings. This is especially true in the case of capital gain tax, where taxpayers are mandated to pay
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Court orders verification of medical documents of complaint against Maliwa
Updated : 1 year, 1 month ago IST
She is the complainant in a case against former DCW chairperson Swati Maliwal. An exemption was sought by counsel for Barkha Singh on medical grounds.
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Affordable housing to get boost from repo rate cut, tax exemption relief:
Updated : 1 year, 1 month ago IST
Real estate leader Niranjan Hiranandani said affordable housing segment will get yet another boost with the reduction in repo rate by the RBI monetary policy committee.
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We gradually healed the wounds of middle class: PM Modi on new tax exempti
Updated : 1 year, 1 month ago IST
"In the last 10 years, we have enhanced savings of the middle class by reducing Income Tax. Before 2014, such 'bombs' were hurled and 'bullets' were shot, that it affected the lives of people. We gradually healed those wounds and moved forward," the PM said.
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Income tax cuts in union budget to boost 2-wheeler and passenger vehicle s
Updated : 1 year, 1 month ago IST
Union Budget raising the income tax exemption limit to Rs 12 lakh is expected to give a big boost to the demand of 2-wheelers (2Ws) and passenger vehicles (PVs) according to a report by the global brokerage firm Jefferies.
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Assam CM Himanta Sarma welcomes Union Budget 2025, hails tax relief for mi
Updated : 1 year, 1 month ago IST
"I welcome the budget presented by Finance Minister Nirmala Sitharaman. I welcome all the proposals, especially the income tax exemption for those earning up to Rs 12 lakh. This is a huge relief to the middle and lower-middle class, and I thank her for this," Sarma said.
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Enough guardrails in Budget proposal to enhance FDI limit in insurance sec
Updated : 1 year, 1 month ago IST
She said while the exemption applies up to Rs 12 lakh, the rates across income bands have been reduced, ensuring lower taxes for all.
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Budget 2025: India Pharmaceutical Alliance welcomes exemptions, concession
Updated : 1 year, 1 month ago IST
IPA General Secretary Sudarshan Jain lauded the efforts of the government through infrastructure development and improved patient access.
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Budget 2025: One crore middle-income taxpayers to be out of tax net with r
Updated : 1 year, 1 month ago IST
Sitharaman, during her Union Budget 2025 speech, announced that no income tax will be payable on income up to Rs 12 lakh, providing significant relief to taxpayers, especially the middle class
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