Search For "income tax exemption"
Rahul Gandhi writes to Finance Minister seeking adequate funding for ECHS,
Updated : 2 weeks ago IST
Leader of Opposition in Lok Sabha Rahul Gandhi has written to Finance Minister Nirmala Sitharaman requesting action on two issues affecting armed forces personnel - adequate funding to the Ex-Servicemen Contributory Health Scheme (ECHS), and withdrawal of newly introduced income taxes on
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New Income Tax Act likely to broaden tax base on simpler compliance
Updated : 3 months, 2 weeks ago IST
The new Income Tax Act is expected to expand India's tax base by making compliance simpler and more accessible for individuals, institutions and exempt entities, Debjyoti Das, Principal Chief Commissioner of Income Tax (Exemption) told ANI today.
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DPIIT approves 187 startups for tax relief under revised section 80-IAC fr
Updated : 10 months ago IST
The Department for Promotion of Industry and Internal Trade (DPIIT) has approved 187 startups for income tax exemption under the revamped Section 80-IAC of the Income Tax Act.
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"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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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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"Provides feel good factor, to encourage spending": Union Minister Hardeep
Updated : 1 year, 1 month ago IST
Union Minister Hardeep Singh Puri called this year's Union Budget excellent and highlighted the income tax exemption up to Rs 12 lakhs which he said will increase the middle class spending, giving a fillip to the economy.
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"A dream budget for middle Class": Maharashtra CM Devendra Fadnavis applau
Updated : 1 year, 1 month ago IST
Maharashtra CM Devendra Fadnavis praises Union Budget 2025, calling it a 'dream budget' for the middle class. He highlights increased income tax exemption, expected benefits for MSMEs, and a focus on agriculture schemes as major positives for the economy.
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STT Abolition and IT Exemption Revision Top Budget Expectations: Akshat Kh
Updated : 1 year, 1 month ago IST
Mumbai (Maharashtra) [India], January 22: Abolition of Securities Transaction Tax (STT) and the revision of the income tax exemption slab to Rs 25 lakh are two major expectations from the upcoming Union Budget - 2025, said Akshat Khetan, corporate and legal advisor and Founder of AU Corporat
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Budget should reduce tax rates, raise personal income tax exemption limit
Updated : 1 year, 2 months ago IST
The upcoming union budget 2025-26 should focus on giving personal tax relief to common taxpayers by raising the basic exemption limit in the new tax regime from Rs 3 lakhs to Rs5 lakhs and reducing tax rates, suggests global consulting and professional services firm Ernst & Young India (
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Trade Unions demand super-rich tax, hike in corporate tax and raising inco
Updated : 1 year, 2 months ago IST
In their customary pre-budget meeting with Union Finance Minister Nirmala Sitharaman, trade union leaders suggested a super-rich tax and an increase in corporate tax to fund social security for informal workers.
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Govt universities, research centers exempted from IT won't have to pay GST
Updated : 1 year, 6 months ago IST
Universities and research centers that have been established by a law of the Central Government; or established by a law of the State Governments; or that have obtained income tax exemption can receive research funds both from the government and from the private and they would not be subject
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