Mon, Feb 05, 2018
Finance Minister Arun Jaitley has smartly played the tax equations in Budget 2018. He did provide a sense of relief by re-introducing the standard deduction (SD) of Rs 40,000, but soon after squeezed it by hiking the education and health cess from 3 per cent to 4 per cent.
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Fri, Feb 02, 2018
The Finance Minister in his Budget speech mentioned that there would be no changes to individual income-tax rates as the government has made many positive changes in the personal income-tax in the last three years.
Tue, Aug 02, 2016
Minister of finance announced on Monday that the total amount of money generated from Education Cess, Swachh Bharat Cess and all other surcharges was Rs 81,008.47 during FY16. This was higher than the revenue generated in 2014-15 which amounted to Rs 74,801.41 by these taxes.
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