India to unveil budget under pressure to deliver reforms

Last Updated: Saturday, February 28, 2015, 04:21

Prime Minister Narendra Modi`s right-wing government will unveil its first full budget on Saturday, a day after announcing the time was ripe for long-awaited reforms to kickstart the economy.

Cabinet likely to consider DTC Bill today

Last Updated: Thursday, August 22, 2013, 09:00

The exemption limit at Rs 2 lakh for individual tax payers is unlikely to be touched, but a new slab of 35 percent may be introduced for the super-rich.

Budget 2013: Salaried class wants IT exemption limit raised

Last Updated: Wednesday, February 13, 2013, 14:32

Over 89 percent of respondents said the slab of tax free income has not moved up in line with real inflation.

Tax payers may get some relief in Union Budget

Last Updated: Thursday, March 15, 2012, 18:47

Tax payers will be looking forward to some relief from Finance Minister Pranab Mukherjee who is expected to raise the income tax exemption limit to at least Rs 2 lakh in his budget proposals to be unveiled in the Lok Sabha on Friday.

Parl panel for hiking income tax exemption limit to Rs 3 lakh

Last Updated: Friday, March 2, 2012, 19:37

In order to provide the much needed relief to people, a Parliamentary panel scrutinising the Direct Taxes Code (DTC) Bill has suggested raising the income tax exemption limit to Rs 3 lakh and also hiking deduction on savings to Rs 2.5 lakh.

House panel agrees on raising I-T exemption limit

Last Updated: Friday, February 24, 2012, 14:54

Ahead of the Budget, a key Parliamentary panel scrutinising the Direct Taxes Code (DTC) is likely to recommend raising of income tax exemption limit to Rs 3 lakh and tax breaks on investments to Rs 2.5 lakh.

Parl Panel to discuss DTC; may suggest hiking IT exemption limit

Last Updated: Friday, February 17, 2012, 15:15

A Parliamentary panel will meet on Friday to discuss the report on the Direct Taxes Code (DTC) Bill, understood to have favoured raising I-T exemption limit to Rs 3 lakh.

Raise IT exemption limit to Rs 3 lakh: House panel

Last Updated: Thursday, February 9, 2012, 21:47

The Bill has the provision of raising the limit to Rs 2 lakh.

IDFC demands hike in income tax-saving cap in infra bonds

Last Updated: Wednesday, November 23, 2011, 21:14

Infrastructure Development Finance Company (IDFC) today said the Government should raise the income tax exemption cap of Rs 20,000 for investing in the infra sector so as to attract greater retail participation in its funding.