income tax exemption

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 |

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 |

Jammu and Kashmir unhappy, with no sops in budget


March 16th, 2012 - 5:32 pm ICT by IANS
Jammu, March 16 (IANS) Finance Minister Pranab Mukherjee's seventh union budget, presented in the Lok Sabha Friday, found few takers in Jammu and Kashmir with no special schemes aimed ... Read more...

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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 |

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...

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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 |

Rs.16 crore credit card racket busted in Bangalore


October 28th, 2011 - 10:07 pm ICT by IANS
Bangalore, Oct 28 (IANS) The cyber crime branch of Karnataka Police arrested five people, including a woman kingpin, for defrauding foreign nationals of funds equivalent to around Rs.16 crore (Rs.160 ... Read more...

Posted in Uncategorized |

Mizoram holds first ever investors’ summit


May 31st, 2011 - 2:12 pm ICT by IANS
Aizawl, May 31 (IANS) Mizoram Tuesday organised its first ever industry summit to harness the resources of the state in a bid to woo investors to set up projects in ... Read more...

Posted in Business |

Income tax exemption for Red Cross Society


May 6th, 2011 - 6:38 pm ICT by IANS
New Delhi, May 6 (IANS) Since the Indian Red Cross Society is a not-for-profit organisation, and not a business entity, it will be exempted from Income Tax, Union Health Minister ... Read more...

Posted in Business |

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...

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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 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 |

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 |

Northeastern states ask for effective industrial policy


September 30th, 2010 - 4:09 pm ICT by IANS
Agartala, Sep 30 (IANS) The northeastern states have sought a time-bound and assured incentive package from the central government for industrial development in the region, Tripura Industries and Commerce Minister Jitendra ... Read more...

Posted in Business |

Tax concessions to exporters to cost extra Rs 2,200 crores


August 31st, 2009 - 6:00 pm ICT by ANI
New Delhi, Aug. 31 (ANI): Tax concessions announced under the new Foreign Trade Policy to boost exports will cost the exchequer an extra 2,200 crore rupees."Our analysis (of FTP's implications on ... 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 |

‘Investment in infrastructure can boost economy by 1.8 pc’


July 18th, 2009 - 8:17 pm ICT by IANS
Hyderabad, July 18 (IANS) Investments in infrastructure, particularly the roads sector, can boost the economy by 1.8 percent a year, said J.P. Nayak of Larsen and Toubro Limited here Saturday. Hailing the recent ... 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 |

Budget 2009-10: Some Positives And Negatives


July 6th, 2009 - 8:50 pm ICT by GD
Finance Minster Pranab Mukherjee presented the Union Budget today in the parliament. And almost immediately after that reactions from different quarters have started pouring in. Some of them are positive while the ... 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 |

IT professionals of Bangalore have mixed feelings on budget


July 6th, 2009 - 5:49 pm ICT by IANS
Bangalore, July 6 (IANS) Youngsters in India's IT hub Bangalore, who have been hugely affected by the global economic recession due to large scale job losses and lack of newer employment opportunities, ... Read more...

Posted in Business |

Senior citizens, women, students get tax reliefs


July 6th, 2009 - 5:11 pm ICT by IANS
New Delhi, July 6 (IANS) Tax-paying individuals stand to benefit this fiscal. Finance Minister Pranab Mukherjee has eased their tax burden and provided relief for specific groups of ... Read more...

Posted in Business |

Highlights of union budget for 2009-10 (Fifth Lead)


July 6th, 2009 - 5:10 pm ICT by IANS
New Delhi, July 6 (IANS) Highlights of the union budget for the current fiscal presented by Finance Minister Pranab Mukherjee in the Lok Sabha Monday: - Fiscal deficit estimated at 6.8 percent ... Read more...

Posted in Business |

Bangaloreans cheer hike in income tax exemption


July 6th, 2009 - 4:29 pm ICT by IANS
Bangalore, July 6 (IANS) Salaried residents of Bangalore have welcomed the proposed increase in income tax exemption limits for women and others by Rs.10,000 and scrapping of the fringe benefit tax ... Read more...

Posted in Business |

Union Budget 2009-10:Income Tax Exemption Limit Increased


July 6th, 2009 - 3:25 pm ICT by GD
While presenting the Union Budget, Finance Minister, Pranab Mukherjee declared to increase the Income Tax exemption limit for senior citizens by Rs.15,000, for women and others by Rs.10,000 each. As per ... Read more...

Posted in National |

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