exemption limit

Budget has welcome and avoidable features: Karunanidhi


March 16th, 2012 - 11:54 pm ICT by IANS
Chennai, March 16 (IANS) DMK president M. Karunanidhi Friday described the budget as a mix of welcome and avoidable features, adding that its efficacy in improving the living standards ... Read more...

Posted in Politics |

Budget fails to impress markets, Sensex tanks 210 points (Roundup)


March 16th, 2012 - 7:53 pm ICT by IANS
Mumbai, March 16 (IANS) Finance Minister Pranab Mukherjee's budget proposals Friday failed to enthuse investors and a benchmark index for Indian equities markets closed nearly 210 points lower.The 30-scrip ... Read more...

Posted in Uncategorized |

Gains and losses from Budget 2012-13


March 16th, 2012 - 6:12 pm ICT by IANS
Here is what you gain and what you lose on account of the budget proposals presented by Finance Minister Pranab Mukherjee Friday:Gains:- Minimum exemption limit for income tax raised to ... Read more...

Posted in Business |

Income tax exemption limit raised to Rs.2 lakh (Lead)


March 16th, 2012 - 5:35 pm ICT by IANS
New Delhi, March 16 (IANS) Giving some relief to individual taxpayers, Finance Minister Pranab Mukherjee Friday proposed to raise the income tax exemption limit to Rs.2 lakh from Rs.1.8 ... Read more...

Posted in Business |

Mukherjee puts money in one pocket, takes out from others (Roundup)


March 16th, 2012 - 4:54 pm ICT by IANS
New Delhi, March 16 (IANS) Every tax payer in India is set to gain at least Rs.2,000 per annum, thanks to the relief proposed by Finance Minister Pranab Mukherjee. ... Read more...

Posted in Business |

Budget highlights 8


March 16th, 2012 - 4:12 pm ICT by IANS
* Cinema industry exempted from service tax.* Service tax rate raised from 10 percent to 12 percent to bring in Rs.18,660 crore.* Excise duty raised from 10 to 12 percent.* ... Read more...

Posted in Business |

Income tax exemption limit raised to Rs.2 lakh


March 16th, 2012 - 4:12 pm ICT by IANS
New Delhi, March 16 (IANS) The tax exemption limit for individuals has been hiked to Rs.2 lakh from the current Rs.1.8 lakh, while the tax slabs have been re-jigged ... Read more...

Posted in Business |

Mukherjee’s budget promises tax relief, subsidy cut, reforms (Fourth Lead)


March 16th, 2012 - 4:12 pm ICT by IANS
New Delhi, March 16 (IANS) Tax relief to individuals, promise to curb black money, major push on infrastructure, capital market reforms and huge subsidy cut were among proposals listed ... Read more...

Posted in Business |

Prominent highlights of 2012-13 budget


March 16th, 2012 - 4:11 pm ICT by IANS
New Delhi, March 16 (IANS) Prominent highlights of the budget for 2012-13 presented by Finance Minister Pranab Mukherjee in the Lok Sabha Friday:* Income tax exemption limit raised to ... Read more...

Posted in Business |

Budget highlights 7


March 16th, 2012 - 2:04 pm ICT by IANS
* Income tax exemption limit raised to Rs.2 lakh to provide relief of relief of Rs.2,000 for assessees in this catergory; 20 percent tax on income over Rs.10 lakh, up from ... Read more...

Posted in Business |

Panel proposes hiking income tax exemption limit to Rs.3 lakh


March 9th, 2012 - 8:36 pm ICT by IANS
New Delhi, March 9 (IANS) A parliamentary panel reviewing the Direct Taxes Code (DTC) bill has recommended raising the income tax exemption limit to Rs.3 lakh a year and ... Read more...

Posted in Uncategorized |

Day after budget people wonder if they are really better off


March 1st, 2011 - 6:44 pm ICT by IANS
New Delhi, March 1 (IANS) A day after the federal budget, people across India wondered if they were really better off and problems on the ground such as high commodity prices ... Read more...

Posted in Business |

Super senior citizens hail income tax sops


March 1st, 2011 - 5:03 pm ICT by IANS
New Delhi, March 1 (IANS) A day after the federal budget, senior citizens practising laughter therapy at the Nehru Park in the capital's diplomatic enclave had real reasons to laugh - ... Read more...

Posted in Health Science |

Karunanidhi welcomes, Jayalalithaa slams budget


March 1st, 2011 - 12:01 am ICT by IANS
Chennai, Feb 28 (IANS) Tamil Nadu Chief Minister M. Karunanidhi praised the budget for 2011-12 presented by Finance Minister Pranab Mukherjee in parliament Monday as being growth oriented but AIADMK general ... Read more...

Posted in Business |

Income tax exemption limit raised to Rs.1.8 lakh (Lead)


February 28th, 2011 - 8:58 pm ICT by IANS
New Delhi, Feb 28 (IANS) Finance Minister Pranab Mukherjee Monday proposed to enhance the income tax exemption limit to Rs.1.8 lakh for the next financial year, from Rs.1.6 lakh now, and ... Read more...

Posted in Business |

Pranab has done a good job: Manmohan Singh (Lead)


February 28th, 2011 - 7:47 pm ICT by IANS
New Delhi, Feb 28 (IANS) Hailing the budget for 2011-12 as an effort to curb inflation and ensure sustained and inclusive growth, Prime Minister Manmohan Singh Monday said Finance Minister Pranab ... Read more...

Posted in Business |

Budget draws mixed reactions in Orissa


February 28th, 2011 - 7:11 pm ICT by IANS
Bhubaneswar, Feb 28 (IANS) Finance Minister Pranab Mukherjee's budget proposals presented Monday evoked mixed reactions in Orissa, with senior citizens happy at tax sops, housewives more concerned about price rise than ... Read more...

Posted in Business |

Budget sops welcomed by young and old alike


February 28th, 2011 - 7:02 pm ICT by IANS
New Delhi, Feb 28 (IANS) Raising the income tax exemption limit to Rs.1.8 lakh, lowering the threshold age for senior citizens to 60 and creating a special income tax category for ... Read more...

Posted in Business |

BJP terms budget unimaginative, timid


February 28th, 2011 - 5:45 pm ICT by IANS
New Delhi, Feb 28 (IANS) The Bharatiya Janata Party (BJP) Monday described the budget proposals for 2011-12 presented by Finance Minister Pranab Mukherjee as "timid" and "unimaginative", saying it had failed ... Read more...

Posted in Politics |

Reformist Indian budget has a bit for all - households to corporates (Roundup)


February 28th, 2011 - 5:21 pm ICT by IANS
By Arvind Padmanabhan New Delhi, Feb 28 (IANS) India's Rs.12.58 lakh crore (Rs.12.58 trillion or $280 billion) federal budget for 2011-12 Monday sought to address the want of every constituency with tax ... Read more...

Posted in Business |

Highlights of Pranab Mukherjee’s budget for 2011-12


February 28th, 2011 - 3:18 pm ICT by IANS
New Delhi, Feb 28 (IANS) Highlights of the budget for 2011-12 presented by Finance Minister Pranab Mukherjee in the Lok Sabha Monday:* Expenditure in 2011-12 estimated at Rs.12,57,729 crore, an increase ... Read more...

Posted in Business |

Mukherjee announces new tax concession to ‘Aam Admi’


February 28th, 2011 - 3:12 pm ICT by ANI
New Delhi, Feb 28 (ANI): Union Finance Minister Pranab Mukherjee on Monday raised the income tax exemption limit for individuals from one lakh 60 thousand to one lakh 80 thousand rupees.The ... Read more...

Posted in National |

Budget promises more money for all - farmers to corporates (Third Lead)


February 28th, 2011 - 2:41 pm ICT by IANS
New Delhi, Feb 28 (IANS) Promising more money in the hands of households by hiking the income tax exemption limit and lowering tax surcharge for corporates, Finance Minister Pranab Mukherjee Monday ... Read more...

Posted in Business |

Income tax exemption limit raised to Rs.1.8 lakh


February 28th, 2011 - 2:08 pm ICT by IANS
New Delhi, Feb 28 (IANS) Finance Minister Pranab Mukherjee Monday proposed to enhance the income tax exemption limit to Rs.1.8 lakh (Rs.180,000 or $4,000) for the next financial year, from Rs.1.6 ... Read more...

Posted in Business |

DTC will ensure greater tax compliance: Mitra


September 29th, 2010 - 7:42 pm ICT by IANS
New Delhi, Sep 29 (IANS) The direct tax code (DTC) may result in Rs.55,000 crore revenue loss in the first year of implementation, but tax collection will increase in the subsequent years ... Read more...

Posted in Business |

DTC may result in Rs.53,000 crore revenue loss


August 30th, 2010 - 11:23 pm ICT by IANS
New Delhi, Aug 30 (IANS) The Direct Taxes Code (DTC) is likely to result in a revenue loss of Rs.53,172 core in the first year of implementation, Revenue Secretary Sunil Mitra said ... Read more...

Posted in Business |

Direct Taxes Code bill tabled in Lok Sabha


August 30th, 2010 - 6:03 pm ICT by ANI
New Delhi, Aug 30 (ANI): Finance Minister Pranab Mukherjee on Monday tabled the Direct Taxes Code (DTC) Bill in the Lok Sabha which proposed to raise the exemption limit on income ... Read more...

Posted in National |

DTC Bill to be tabled in Parliament today


August 30th, 2010 - 11:38 am ICT by ANI
New Delhi, Aug 30 (ANI): Finance Minister Pranab Mukherjee is likely to introduce the Direct Taxes Code (DTC) Bill in Parliament today.The Bill has proposed to raise the basic exemption ... Read more...

Posted in National |

Exemption limit for luxury tax on hotel rooms hiked


July 26th, 2010 - 9:15 pm ICT by IANS
New Delhi, July 26 (IANS) The Delhi government Monday decided to hike the exemption limit on luxury tax on hotel rooms from Rs.500 to Rs.1,000. This will help budget travellers to the national ... Read more...

Posted in Business |

BJP slams tax code proposals, bats for religious trusts


February 2nd, 2010 - 5:25 pm ICT by IANS
New Delhi, Feb 2 (IANS) The Bharatiya Janata Party (BJP) has slammed the provisions of the proposed Direct Tax Code as being inequitable towards small asessees and strongly objected to the ... Read more...

Posted in Business |

Not advisable to drink whiskey: Pranab to Jaswant


July 27th, 2009 - 7:13 pm ICT by IANS
New Delhi, July 27 (IANS) Finance Minister Pranab Mukherjee Monday had a ready answer to the remarks by opposition leader Jaswant Singh last week that the income tax exemption in the ... Read more...

Posted in Business |

Youngistan welcomes ‘aam aadmi’ focus of Indian budget (Lead)


July 6th, 2009 - 8:58 pm ICT by IANS
New Delhi/Bangalore, July 6 (IANS) Students and young professionals Monday hailed Finance Minister Pranab Mukherjee's 'aam admi' focus of the union budget with many rejoicing over tax sops and interest subsidy ... Read more...

Posted in Business |

Growth, inclusion, social uplift are focus of India’s budget (Roundup)


July 6th, 2009 - 8:58 pm ICT by IANS
By Arvind Padmanabhan New Delhi, July 6 (IANS) Promising to reinstate India's high economic growth, Finance Minister Pranab Mukherjee Monday presented a $204-billion annual budget with more funds for welfare schemes and ... Read more...

Posted in Business |

Senior citizen’s income tax exemption limit increased by Rs.15,000


July 6th, 2009 - 6:50 pm ICT by ANI
New Delhi, July 6 (ANI): Finance Minister Pranab Mukherjee on Monday proposed an increase in the personal income tax exemption limits by Rs. 15,000 for senior citizens from Rs. 2.25 lakh ... Read more...

Posted in National |

Budget has many schemes for common man


July 6th, 2009 - 6:05 pm ICT by IANS
New Delhi, July 6 (IANS) In keeping with the United Progressive Alliance (UPA) government's "inclusive growth" mantra, Finance Minister Pranab Mukherjee Monday announced a slew of schemes for the aam aadmi ... Read more...

Posted in Business |

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