Fri, Feb 01, 2019
Yes, government has provided income tax relief to salaried employees whose gross salary is up to Rs 5 lakh. Simply put, you do not have to pay any taxes if you earn this much. This means people earning more than Rs 5 lakh will continue to pay taxes like earlier.
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Budget 2019: Yes! Do not pay income tax now if you earn as much as Rs 6.5 lakh! As was expected from Prime Minister Narendra Modi, his government will give respite to salaried employees in different sectors.
Wed, Jan 24, 2018
Since this year's Budget is the last full one for the government ahead of the general elections in 2019, experts believe a favourable revisioning in income tax slabs, relaxation in Section 80C limit and a push in medical insurance for senior citizens and others is required.
Fri, Aug 25, 2017
On direct taxes, the 211-page document said that the nominal tax exemption threshold should remain unchanged in a bid to include greater proportion of individuals in the tax net over time.
Sun, Jan 01, 2017
Finance Minister Arun Jaitley should double the basic income tax exemption limit to Rs 5 lakh per year and raise the ceiling for claiming deduction under Section 80C to Rs 2.50 lakh, according to a survey by tax consultant Deloitte.
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